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Litecoin (Cryptocurrency)

Bitcoin(BTC): Dropped 9%, Time For Small Retest! Second Day: After amazing movement to the lower zone, re-testing the trend, and filling our first FVG zone, the price has dropped by 9%. During that drop, BTC also liquidated multiple positions (look at the heatmap), and now the closest liquidity is laying in the upper zones. With that being said, we are seeing a high probability of movement to upper zones to re-test them and potentially liquidate more positions, and after that, we are going to aim for that major drop that we have been waiting for some time now! We still have a lot of FVG zones to reclaim in the lower zones!
BITSTAMP:BTCUSDShort
by SwallowAcademy
LTC/USD Secondary trend (part). 09 12 2023Logarithm. Time frame 1 day. Part of the secondary trend. Channel to work, price consolidation in its lower part. A high probability of an upward exit from it. Key levels are shown by arrows. Percentages for clarity and target orientation similarly. This is how it looks like on a line chart without "market noise". . Double bottom with a flat top in an accumulation channel. Post-halving time. A local uptrending channel that has a double bottom with a flat top. This is a strong bullish pattern that says price is (this accumulation zone) at the lows of the trend initiation. The last cycle after the capitulation (end of the participation phase) of all liquid instruments (this is important) began with this structure, which is a display of the actions, first of all, of large market participants that have an impact on pricing (holding). For example, look at the bitcoin 2020 chart and this structure. Similar to what happened on LTC a few months after the halving. Major trend. Cycles. Super profits. LTC is a cryptocurrency that has survived many cycles and has not depreciated completely, although it can be seen that the capitalization and leadership positions are not able to compete with the new 2 cycle HYIP giants. From the position of the cycle before last (distributions, i.e. highs) 2017, this cryptocurrency is on a big super profit. There are very few cryptocurrencies in the crypto market that are in their main trend in an uptrend and are on super profits relative to previous cycles. LTC is one of them. As a rule, the opposite is true. It is clear that the main major holders in most cases for such a long period of existence in the crypto market, LTC has already been repeatedly changed. But with this logic of the price chart, which is displayed on a long history and on a large time frame, should be considered and taken into account in its risk management. Major trend. Time frame 1 month.
BITSTAMP:LTCUSDLong
by SpartaBTC
LTC/USD Main trend. Halving. Cycles The psychology of repetitionMain trend. The graph is logarithmic. The timeframe is 1 month. This idea is relevant both for understanding the secondary trend work and as a training in simple cyclic, logical manipulation processes. Note also the halving of the LTC and the designated time zones between cycles. The primary trend is an uptrend in which a huge butterfly is forming (forming part 2) Secondary trend is a downward channel. Local trend in the secondary trend is a wedge. Coin in the coin market : Litecoin The chart is taken from the Bitfiniex exchange, I used it because of the long price history (the coin has been traded on this exchange for a long time). Of course, the chart is relevant for all exchanges with liquidity. The coin and the pair are liquid, it is acceptable to set large positions. The price behavior is predictable. Ups/Downs are similar. Let's consider them below. Everything is unpredictable only for absolutely predictable people, it always was, is and will be. Same time frame on a line chart (no market noise, pure trend direction) A close-up of this area on the line chart. And this area on the candlestick chart. What matters is the average buy/sell. Approach the market regardless of the size of your deposit as a major market participant. Stop thinking like a "hamster". You don't need to guess, you need to know and be prepared for any outcome, even unlikely scenarios. Psychology of behavior in the market. Expectation. Reality. "Stop-loss resets. Cyclicality of predictable behavior. . Predictable price behavior. "Knockouts" of obedient (acting by the rules) and naughty (acting on emotion) fools are as logical and predictable as anything else everywhere else. Increase your knowledge and experience, and it won't affect you. Remember, theory without practice is nothing. Real trading is very different from theory, you should understand that. That's why all "programmed traders" lose money or their earnings are quite modest. You should not ask anyone where to buy/sell this or that crypto-asset. You should initially know yourself under what conditions you will buy and under what conditions you will sell. Past "stop-losses" before secondary trend reversals . Secondary trend reversal zones and "takeout" before pullbacks in 2019 (+450 average) and 2021 (+900% average). Candlestick chart. 3-day timeframe. Fear peak zones. Line chart. Three-day timeframe. Fear peak zones. (without market noise). As we can see, this "fear peak" on the line chart evaporates, all these local "super resets" have no effect on the trend. It's just the "death of hamsters." The capitulation of human stupidity and greed. You can add predictability and submissiveness to this. The train always leaves without such marketable characters. Such always sell (fear) at the lowest prices, shortly before the trend reverses. It is worth adding that they buy at the highest prices "at the behest" of the pump to get fabulously "rich. This makes the cryptocurrency market super profitable. Such fuel is the basis of profit. "Market fuel flows" lend themselves to cycles. Price management is the psychology and manipulation of people's minds through basic instincts through price values. All of this is real and as old as the world. A foolish person keeps stepping on the same rake, each time telling himself that this is the last time, or this is a special case. This "last case" must be repeated systematically, but in different conditions that you create. Your effectiveness depends on how masterful you are at forming such obsessive thoughts in the mind of such market characters. Fundamentals of Trading. Trading strategy. Capital management. Price forecasting. It is your trading strategy and money management, based on your experience, that is the basis of trading, not guessing the price. But guessing is what most people want. Such people should have no money. As a rule, such people in real life are very poor, do not have their own business, go "to work" (do not want to take responsibility). They think real life doesn't give them many resources, but market speculation will quickly make them fabulously rich. Rather the opposite is true. Total impoverishment regardless of the direction of the trend due to the reinforcement of destructive qualities of a person with financial instruments. The behavior of such people in the market is a projection of what they are like in real life. The behavior of people in financial markets is a projection of what they are in real life. That is, their positive and negative psychological qualities. You can't run away from yourself. A stupid person will be overtaken by his own stupidity, a greedy person by greed, an intolerant person by intolerance, an indecisive person by indecision, an irresponsible person by irresponsibility. Such will be punished by their own destructive qualities. The main thing is that the victim draws conclusions from this and it is an incentive to correct the root cause and basis of the failures, rather than looking for the culprit of his own stupidity in "random events" and other people. You guessed once, second time, third time zeroed in and hit your own self-confidence with your own stupidity and predictability. Consequently, all your previous guesses at the distance equals zero. Trading is a probability game. It is impossible to guess everything because of the many components of pricing. It is possible not to guess, but to know the more and less potentially realizable probabilities because of certain market conditions. No one knows the exact future, there is only an assumed more likely future and the work that leads to it. The basis of profit/loss is what you are in the here and now. Your knowledge and experience are projected onto the chart. The symbiosis of these two parameters makes or loses money in practice. Read these 6 points carefully: 1) The first problem most marketers have is that everyone wants to get a lot of money in the moment and, most importantly, without effort. That's what most people want, so it's not rational or dangerous to satisfy their desires. 2) The second problem is that they can't be "out of the market" until they find a good entry point. "Fear of missing out" does its destructive work. 3) The third problem is, of course, the disease from "childhood," which manifests itself in adulthood. People begin to collect various crypto coins, endowing them with different values according to their beliefs and, above all, their desires. 4) The fourth problem is greed, insatiability combined with inexperience. People don't want to protect their profits, they want more and more and more and more and more, eventually from greed and inexperience they completely (more greedy) or partially (less greedy) nullify themselves. 5) Lack of knowledge and experience. Lack of desire to develop and learn. The less experienced a market participant is, the more confident he is in his competence and "screams text". 6) The sixth most serious problem - laziness. It manifests itself in the fact that few people want to work, everyone wants to have. Under ideas are captured my trading ideas for this trading pair over the past 3 years. Most of them are previously closed trade ideas. There are 3 learning ideas that I have shown on this trading pair (based on publicly published simple trading ideas) .
BITFINEX:LTCUSD
by SpartaBTC
18
LTC/USD Secondary trend. DownlinkSecondary flow. Logarithmic graph. Term 3 days. Main trend. — an ascending channel in which a huge butterfly is forming (part 2 is being formed) Secondary trend is a downward channel. Local trend in the secondary trend—wedge-shaped clamping of the price Coin in coinmarket : Litecoin The same options. Line chart. Main trend LTC/USD Main trend. Halving. Cycles, The psychology of repetition. This butterfly. Logarithm. Deadline 1 week. I have shown one more variant of its formation in case of violation of its dynamic support.
BITFINEX:LTCUSD
by SpartaBTC
39
Litcoin Bull pressure increases, $84 coming? LFG!Buyers of LTC are presently encountering robust resistance around the $76 range. The upward pressure from consistently maintained higher lows is evident, suggesting bullish momentum. However, it would be prudent to anticipate a potential pullback once the price hits $78 and reacts to the minor resistance. Despite the likelihood of a reaction, there is a probability exceeding 60% that the bulls could persist and drive the price to the range of $82 to $84.
BINANCE:LTCUSD.PLong
by MachiavelliTrader
2
LTC/BTC Litecoin Bitcoin Chart Looks So BullishLitecoin is retesting the top of the channel/falling wedge that it broke out of about a year ago today. As long as LTC can stay above this then I think we are about to rocket up in the LTC/BTC and LTC/USD pairs. Litecoin is really about to catch fire and take off. Hold through the FUD and shlt talk about Litecoin. Litecoin is about to swallow everything above it on coinmarketcap including XRP! This is not financial advice this is just my opinion. I did a LTC/USD chart analysis as well. I will link it below
Long
by Bitgolder
2
RESPONSE TO WITHOUT WORRIES LTC/USD ANALYSISThis is just a response to Without Worries LTC analysis where I can post pictures because I was unable to on his post. I really like WW he is a fantastic trader and analyst and chartist. I just disagree with his current position on LTC. I believe there is more to LTC than just TA. Fundamental analysis is important here and Ill explain below. Thank you for your chart and analysis. Possible it breaks down that hard but definitely not probable especially with the SEC suing everyone and their brother for securities sales etc. Litecoin is one of only 4 cryptos allowed in USA for institutional and accredited investors because of its regulatory clarity. I follow the big money and big money has access to it along with 3 others. Baakt added it last month, might not seem like a big deal but its just getting ready for the inflows of capital from the big players as they have been for a few years now, quietly in the background while no one is looking waiting to see what regulations come out. Also EDX Markets is an institutional cryptocurrency exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial and Sequoia among others. The exchange offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash. Litecoin hasn't had any real developments in a little while but its not dead by any means. It serves its purpose, the updates and upgrades happened over the last ten years. Its not a new crypto with a bunch of flaws and exploits, those kinks were ironed out a long time ago. The saying goes dont fix something if its not broken. Bitcoin hasn't had an update or upgrade in a long time either does that mean its dead? No it doesn not, so the argument of its dead because no developments is a moot point. Fundamentals matter in this case because of how young this crypto market is compared to the rest of the traditional markets. Its just starting to get wrangled in now, so the wild wild west days are over. Pretty soon the USA will shut down all exchanges in the USA except for 2 and the rest of the world will follow. One for the average person and one or two for institutions and accredited investors. Institutions and accredited investors will not touch this with a ten foot pole until there is clear regulation. Dont believe me? Look at what they did to Binance and CZ, in a totally different country. The USA has very long tentacles and what it does the rest of the world follows voluntarily or forcefully. CZ thought he was an untouchable billionaire but all it took was a week and he caved, without a fight and gave up billions in fines and stepped down because its a losing battle against the USA. Right now like I mentioned above SEC and CFTC have seen LTC and 3 others as a non security out of a million cryptos out there, that matters more than anything in my opinion. Im not saying that its impossible for Litecoin to go to zero or dump as hard as you say but that would mean that BTC also dumps down to 10k and the traditional markets dump as well. It would be a global dump not just Litecoin. Im not betting on that right now but anything surely is possible. Also as a response to your trendline, please see below. A trendline has lots of wiggle room and many different ways to draw it.
KRAKEN:LTCUSDLong
by Bitgolder
17
Will Litecoin be the next to break up? The launch of the Bitcoin spot ETF has ignited a wave of optimism in the crypto market, leading many coins to surpass crucial resistance levels. However, COINBASE:LTCUSD lags behind, still trading at 75, below a significant resistance level. On a positive note, following the recent low in October, November 22 brings a higher low. Moreover, with the coin positioned precisely at the resistance level mentioned earlier, a breakthrough at this point could expedite gains and propel Litecoin into a catch-up rally. I am currently awaiting confirmation for a buy signal, and in such an instance, my target would be the 100 key zone.
COINBASE:LTCUSD
by Mihai_Iacob
2
Going Long LiteCoin to 81Traders, I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2. None of this is fin advice of course. All purely for your entertainment. Stewdamus
COINBASE:LTCUSDLong
by stewdamus
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted. Target one will be $89. Target two will be $96. This is not fin advice. Best, Stewdamus
COINBASE:LTCUSDLong
by stewdamus
LTC ☁️ Downtrend, Time to Sell? A bullish sun 🌞 shines over most of the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling further upside for cryptocurrencies. Binance Coin and Litecoin buck this positive trend with cloudy, bearish trading conditions ahead, ATTMO shows. ☁️ Over a one-week horizon, the sunny 🌞 upward trend will persist, although the price gains are likely to be smaller. Ripple’s XRP, Polkadot, and Uniswap will face bearish clouds over this longer time period. ☁️ Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
Litecoin (LTC): Multiple Selloffs = Potential Downward MovementRecent price movement that has not been able to break above the downward-sloping resistance (upper side of triangle formation) line or fall below the local support area (lower side of triangle formation) shows that markets are getting weaker! Recent trading sessions have been characterized by multiple sell-offs, suggesting that bears may be gaining strength. However, the lack of a clear break below support keeps the door open for potential reversals. We are looking for a possible break below the support zone around $68.71, which could confirm a bearish movement and initiate a move towards lower support levels, potentially around the $60.50 area. Conversely, if bulls manage to push the price above the resistance line, it could overturn the bearish scenario and potentially lead to a test of higher resistance levels.
Short
by SwallowAcademy
5
Poised for a Potential RiseLitecoin has established a distinct trading range, delineating clear support and resistance levels. The asset is currently navigating within this range, and has developed a notable demand zone. This zone is pivotal as it may induce a bullish reaction, potentially propelling the price upwards. Presently, LTC is oscillating between these established bounds, and a strategic approach would involve monitoring for a decisive breakout or breakdown from these levels. Notably, LTC has recently interacted with its support level, suggesting the possibility of an upward trajectory towards its resistance threshold. This situation warrants a vigilant assessment of price action for potential trading opportunities. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
1
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution. On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly. If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown. Support levels: 71.09, previously broken resistance, 66.13 Resistance levels: 72,30, 73, 74 Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart. BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards, R. Linda!
COINBASE:LTCUSDLong
by RLinda
4
LTC Litecoin Price TargetIf you haven`t bought the dip on LTC: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is LTC Litecoin. I've set a short-term price target for LTC Litecoin at $63.40. Looking forward to read your opinion about it!
Short
by TopgOptions
Everything you need to know about Litecoin Halving👨‍🏫Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ). 📚First, let's learn more about Halving and especially Litecoin Halving .📚 💡 What is a block-halving event ❗️❓ As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving. 💡 Why was Litecoin Halving done ❗️❓ Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time! 💡 What is the Litecoin Halving History ❗️❓ Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC. 💡 When is the Next Litecoin Halving ❗️❓ The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC . -------------------------------------------------------------------- 📈 Technical : Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened. If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend . The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴. In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA . The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time. In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓ -------------------------------------------------------------------- According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓ Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:LTCUSD
by pejman_zwin
34