Litecoin (Cryptocurrency)
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.
LTC/USD dropped to a low of 86.83 earlier in today’s session, which comes 24 hours after trading at a high of 91.39.
Today’s drop in price has pushed litecoin to its weakest point since last Wednesday when the token was at a low of 84.21.
Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level of 44.00.
At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.
Should this point be hit, there is a strong possibility that LTC will move back above the 90.00 mark.
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Litecoin to breakdown?Litecoin - 24H expiry - We look to Sell a break of 82.98 (stop at 85.98)
There is no clear indication that the downward move is coming to an end.
Our short term bias remains negative.
83.78 has been pivotal.
A break of the recent low at 83.78 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 75.98 and 74.88
Resistance: 87.30 / 88.60 / 90.50
Support: 85.80 / 83.70 / 81.50
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Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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LTC cup and handle pattern1D chart:
The H&S did not stop falling after falling to the target price of 73.99, and the lowest price reached 64.98. After the LTC stopped falling, it formed a bottom and broke through the neckline price of 88.26, showing an ascending triangle pattern.
Pay attention to the target price above:
99.90
102.65
111.54
117.13
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4 hr chart cup-and-handle pattern:
After breaking through the neckline at 88.26, the price tested around 95.86 twice. The first step back to 85.53 was effectively supported, the second step back to the Fibonacci sequence of 0.382 (89.48), and then broke through the neckline 95.86, and the cup-handle was established.
Follow the goals above:
99.81
101.03
102.24
106.19
108.67
Stop loss: 88.88
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Daily charts operate with spot or low leverage.
The 4 hr cup-and-handle pattern can be operated with a higher leverage to expand profit margins.
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✅TS ❕ LTCUSD: decline in the range✅✅ Litecoin moves in the range.
The graph keeps a downtrend.
The price will continue to decline. ✅
🚀 SELL scenario: short to 86.98 🚀
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Remember, there is no place for luck in trading - only strategy!
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LTC #IntradayBuying from the momentum and volume, 2 options for setting a stop short for the volume under 87, and a longer stop, which is suitable for those who are interested in going in and sitting in a position longer, it is set under the consolidation below 84.
The first target is 90 and then 92,94,96 and more distant, a return to a test of the $100 zone.
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Good luck and profit to all.
W9.1-7 LTC BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
Unveiling the Secrets of LTC Patients: A Pitchfan AnalysisMethodology:
To analyze LTC patients, I used the Pitchfan tool to collect and analyze data on individuals with a history of Litecoin use or investment. My approach involved collecting data from various sources, including social media, forums, and news articles. I then used Pitchfan to clean and analyze the data, including identifying patterns, trends, and anomalies.
Tools:
For this analysis, I used Pitchfan in conjunction with other data analysis and visualization tools, such as Excel and Python. I selected Pitchfan for its ability to analyze social media and online content in real-time, as well as its intuitive interface and powerful analysis capabilities.
Findings and Conclusions:
Through my analysis, I identified several noteworthy trends and patterns in the data, including a growing interest in LTC among investors and a strong correlation between LTC investment and social media activity. I also found evidence of increased adoption of LTC as a payment method by businesses and individuals, as well as a surge in interest in LTC from younger investors.
Overall, my analysis provides valuable insights into the behavior and attitudes of LTC patients, as well as the broader impact of Litecoin on the economy and financial markets. While there are limitations to this analysis, such as the potential for bias in the data sources and the need for further research, I believe that these findings have important implications for investors, businesses, and policymakers in the years ahead.
LITECOIN 2023 ROUGH forecastLitecoin will in my opinion carry a look like this as we go through 2023 and the start of 2025. I would not expect any high prices or ATH for 2023 but you can expect at the very best 180-200 usd on LTC for 2023. The Early 2023 buy in is 33 usd respectfully.
2023 Summer 2023 TARGET is 180-200 usd
Halving is in August 2023 (Results in a sell off before it)
Trade carefully everyone!
🟢 BITCOIN : Time for LONG ? Let's SeeBy examining the recent analysis of Bitcoin, we see that as we expected, the price managed to hit all 3 targets that we had announced and fell from the range of HKEX:30 ,000 to HKEX:28 ,000! Note that the assumptions of the previous analysis are still valid (important demand levels).
Before :
After :
Previous Analysis : The range of 27800 to 28100 is one of the Strong and attractive demand zones for long position!!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.21.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ArmanShabanTrading |🔴 BITCOIN : Short or Bull ?As you can see, in the 4-hour time frame, Bitcoin is preparing and heading for a price correction. If it penetrates and stabilizes below HKEX:29640 , we can expect a deeper correction of the price. The possible targets of this drop are HKEX:29 ,390, HKEX:28 ,590 and HKEX:28 ,080 respectively! The range of HKEX:27 ,800 to HKEX:28 ,100 is one of the Strong and attractive demand zones for long position!!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.17.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Litecoin - Looking To Sell Pullbacks In The Short TermH4 - Price is bouncing lower from a strong resistance zone.
Most recent uptrend line breakout.
No opposite signs.
H1 - Bearish divergence followed by a strong bearish move.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.