Litecoin (Cryptocurrency)
🔥LITECOIN FALLS WITH BTC: THE 2 BEST ENTRY POINT TO LONG!🔥 Hi friends! Litecoin has a halving in 140-160 days. That's why it was the top gainer of the last months. Now it makes a pullback and it's time to find good entry point because BTC still has the strength to grow and push such alts as Litecoin up. All the entry points and targets in idea!
📊 TRADING PLAN FOR LTC:
🔥 pullback to $75-78 value area and test it as the support
🔥 volume growth
🔥 bullish BTC
🚩 The high possibility that LTC makes a local shakeout below $85 and continues to grow. The main precondition is volume growth. So keep an eye on it during the upcoming days.
✅ MY TARGETS FOR LTC:
1. $98 - the key level
2. $105 - the key level and local high
3. $134 - the key level and local high
Friends, what is your most traded altcoin (or altcoins) last months? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
LTCUSDT 1HLTCUSDT 1H
With ascending tops and ascending bottoms, LTc starts a discreet upward channel, in search of the MM200 at 91.54, however there may be a retreat due to the next week where unemployment or CPI data will be released next week, but, from the point of view technician, LTC is looking for the MM200
LTC halving is planned for July 2023, in previous halving cycles, there was a run before the event, it could happen again
Based on the chart, an entry around 85.54 is interesting. This is a strong support area that could be tested and pull back.
Here are the supports and resistances in the 1H timeframe:
Brackets 89.83 / 89.03
Resistances: 60.82 / 91.54
MM200: 91.54
RSI: Exhaustion of Buying Forces
MACD: Buyer
#Litecoin Prices inside a Bull Flag with Resistance at $95Past Performance of Litecoin
Litecoin prices, like BTC's, are consolidating. For LTC, the coin has resistance at $95 with support at $87, as defined by the bull bar of March 23. Besides $87, the middle BB is a dynamic support level defining the uptrend. Therefore, as prices move horizontally, the uptrend remains unless there are sharp losses confirming the losses of April 6.
#Litecoin Technical Analysis
From the daily chart, prices are inside a falling wedge with resistance and support shaped by the bar of March 23. The result is a bull flag, with traders still bullish from an effort versus result perspective. This is because prices are still within the bullish engulfing bar of March 23, a candlestick with high and wide-ranging trading volumes. As such, unless there is a breakout above $95, traders might look for entries on lower time frames, loading on dips above $87. Any loss below $87 may see LTC dip to $75 and even March 2023 lows.
What to Expect From #LTC?
The uptrend remains, but market participants are apprehensive despite the Litecoin halving event around the corner. For now, immediate support levels are critical, and how prices react will shape the short to medium-term price action.
Resistance level to watch out for: $95
Support level to watch out for: $87
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern
Butterfly Harmonic Pattern detected on this Chart. We'll ride the Bearish Trend reversal after Confirmation of this trend with a series of LL and LH. Placing Sell stop order and TP1 is at least 1:1. Later with trailing Stoploss levels more Tps Points will continue to ride this Bear trend.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 95.51 (stop at 92.51)
Posted a Double Top formation.
There is no clear indication that the upward move is coming to an end.
Daily signals are mildly bullish.
95.69 has been pivotal.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 102.51 and 103.51
Resistance: 94.50 / 95.69 / 98.00
Support: 91.00 / 90.00 / 88.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ETH Major Upside Incoming? Conditions are RIPE. New HH at Close?*******TO CLARIFY*****The XABCD charted is not in the parameters of an official harmonic.
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ETH is now back testing previous spring and is going to attempt to potentially claim a new HH at close. I expect a push to the upside.
ETH has all the ingredients in the mixing bowl, as the only thing to do now is...... BAKE THE CAKE.
Current Variables- Hidden Bullish Divergence on MACD, Currently in the process of price action follow through IEW the Hidden Bull Div, Momentum is building and the market in general has is ripe for upside.
If held, ETH is going to then test the top of the broadening wedge and attempt to get into the 2000's once again. I think at market close, we will see an attempt of a breakout
if ETH can print another HH before close, ETH can RIPPPP.
Litecoin being a good market sell?Litecoin - 24h expiry - We look to Sell at 94.18 (stop at 97.18)
94.50 continues to hold back the bulls.
94.52 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Although buying has been posted overnight, the rally has been limited.
We look for a temporary move higher.
Our profit targets will be 87.18 and 85.79
Resistance: 93.00 / 94.50 / 95.69
Support: 90.00 / 88.50 / 87.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC is going to be bearish soonLTC is going to create an Inverse Cup and handle pattern which means the price will be having a downfall pretty soon. The pattern has not formed completely but when it happens we shall expect a reaction from the resistance level and afterward we shall see a Dump .
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
Trading Idea for LTC (Spot) Swing TradeBINANCE:LTCUSD
LTC (Spot) has been in a bullish uptrend since the beginning of the year, and it recently saw a sharp correction from its all-time high. The price has now retraced to a key support level at $95, presenting a potential buying opportunity for swing traders.
As a swing trader, you will need to have a longer-term outlook for this trade and be willing to hold your position for at least one to three months. Our entry point for this trade will be at $95, with a stop loss placed at $71.70, just below the previous swing low, to limit potential losses. The target price for this trade is at $160, which offers a potential profit of 68%.
With a solid risk to reward ratio of 2.83, this trade is an attractive opportunity for swing traders. It is important to monitor the price action and adjust your position as necessary, but also to avoid being too reactive to short-term price fluctuations. With well-defined entry and exit plans in place, swing traders can take advantage of this potential buying opportunity in the cryptocurrency market.
Overall, this trading idea for LTC (Spot) presents a great opportunity for swing traders to potentially capitalize on the high potential for profit with a longer-term outlook. By closely monitoring price action and sticking to your trading strategy, swing traders can potentially take advantage of this current market condition.
LITECOIN - Time to ShineCould this be one of the last days to see LTC below 100$ ?
The answer is possibly yes. Despite the fact we are still under 90$!!!
Imo LTC is a bargain at the time and will trade this next.
My chart shows structure i can trade on:
88.51 is support
84.56 is even stronger support
I see novalid major resistances until 104.84.
Thus: I am LONG with care, as always SL reasonably below 84.56
One Love,
The FXPROFESSOR
PS. Hopefully we make it to next Years Litecoin Birthday cruise.. and i hope they accept LTC as payment at the bar
#LTCETH - Reaching Critical Point for Busting Out!With a fast-closing wedge from within #LITECOIN against #ETHEREUM we can see a breakout coming within the next couple of weeks - which way is the big question!
With a strong Sell signal coming from Crypto Tipster v2 we're inclined to suggest a downward trend, but we wouldn't be pulling the trigger on this one until that wedge is broken one way or the other!
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Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️
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Crypto Tipster v2
theCrypster
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