LTCUSD.P trade ideas
Head Winds at 74Nascent break above the AVWAP. I see head winds at 74 with a support area turned to resistance.
Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
is litecoin to rise?CRYPTO:LTCUSD
77.5 level marked, if it sustain above that level then next level is 113.
note:
don't trade with these marked levels, please trade with your own analysis and responsibility.
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ltcusdsimple market idea, i still see this market goin down ,until the u.s election then we might see a bullish move.
Which way will it go?LTC has been forming under the skin for a while now. I give it less than a week before it reaches its apex then POP!
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg HaShort term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower unfolded as another double three in lesser degree. Down from wave X, wave ((w)) ended at 18825.75 and wave ((x)) ended at 19150.50. Wave ((y)) lower ended at 18338.45 which completed wave Y of (2) in higher degree.
The Index has turned higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave ((i)) ended at 18927.5 and pullback in wave ((ii)) ended at 18547. Wave ((iii)) higher ended at 19813.50 and pullback in wave ((iv)) ended at 19529. Near term, expect Index to extend higher to end wave ((v)) and this should complete wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.7.2024 low in 3, 7, 11 swing before it resumes higher.
Litecoin Short: Breakdown of H&SFirstly, beware of volatility from upcoming FOMC.
From my analysis using 15 mins timeframe, I can see a clear head and shoulders setup that has broken through. Using a standard measuring rule of 1-to-1 distance (distance from head to trendline), I project that the take profit target will be around $59.75.
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
12M:
2W:
1H:
Feel free to share your thoughts and ideas in the comments below!
PRICE AT MEDIUM TERM TRENDLINE (LONG WITH MINIMUM RISK)Price has made multiple touches on the rising trendline.
At current level long entries will have minimum risk reasonably placed below the breakpoint.
Trade safe, good luck
LTCUSD View!!Danny Ryan, a prominent researcher at the Ethereum Foundation, has announced his resignation after seven years of work within the Ethereum ecosystem.
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LTC could be telling Market StrngthLTC is sitting in a place that looks ripe for reversal. This could be a signal for the greater market as LTC tends to front run the market at times. Keep an eye on this old timer original alternative coin.
Litecoin #LTCUSDT Price PredictionWhat I'm watching on LTC price actions give me a HIGH PROBABILITY scenario for liquidating price another leg down to the previous ranges and unmitigated imbalanced price. What do you think?
Not a Financial Advice, Just for having fun !!
LTC: Bull and Bear countsLTC long form consolidation is making things very difficult to apply Elliott Wave counts. The consolidation looking like a long triangle, which can be wave 4 or wave B. Triangles can take a long time to complete and usually designed to make life difficult for traders and investors. So, keeping that in mind, bull count is in Blue and bear count is in Red.
Triangle invalidation as well as a confirmation on either bull or bear side will be a break over either $116 or below $41. Bear count might take longer to complete than bull count.
Litecoin - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
LTC, see you up there Hello from the other side of the trend line.
Wen Moon ?
Moon soon enough
Hashrate at ATH
Approx. 800 days of accumulation
Watch Bitcoin
Next breakout attempt might be the one
See you up there :)
That's it, that's the publication - Good night
LTCUSDCurrently on LTCUSD on the monthly timeframe price has taken out the previous month low and closed above it, also doing the same thing on the 6-months' timeframe indicating a strong support level to the upside to take out all those highs.
LTCUSD SELL ANALYSIS DOUBLE TOP PATTERNHere on Ltcusd price has form double top pattern showing that is likely to fall also looking at the chat there is resistance form around 68.08 and this could trigger selling.If line 59.05 break there is high chance of falling so going for SHORT is expected with target profit of 49.52 . Use money management
Litecoin - Short-term Bullish CampaignLitecoin is dropping hard and just reached the last line of local support at $60.70. We estimate that this key-level support is going to hold it's ground and push price action to an upside reversal. We pull the trigger on a new bullish campaign, targeting $66.65
LiteCoin / U.S. Dollar | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
LTCUSD BUY SIGNAL ANALYSIS ELLIOTT WAVE Here on Ltcusd price has formed uptrend and and made support around level of 62.248767 and keep going up .According to Elliott wave which indicate up so going for LONG is needed and target profit should be around 73.173347 level. Use money management.
LTC ANALYSISMartClues AI Analysis: Approaching Support Level
Trade Setup:
As of Aug 27, 7:00 UTC, the price is approaching the support level of 62.7882. The pattern is still forming, and a possible bearish movement towards this support level is anticipated within the next 2 days.
Pattern: Approaching Support
When the price approaches a significant support level, it may either reverse or break through. Traders should watch for price behavior at this support level to determine whether the price will bounce back or continue downward. A bearish movement towards this support level suggests a potential decline, but confirmation is needed.
Trend and Momentum:
Short-term Trend: Bearish (if the support level is breached)
Medium-term Trend: Depends on price reaction to the support level
Long-term Trend: Monitoring for potential changes
Support and Resistance:
Nearest Support Zone: 62.7882 (current support level)
Nearest Resistance Zone: Levels above the current support should be monitored for potential reversals or breakouts.
Take Action:
Monitor how the price interacts with the support level of 62.7882. If the price shows signs of breaking below this support, consider adjusting your strategy to account for further bearish movement. Set a price alert to track any significant changes and update your trading approach based on the latest developments.
