Litecoin (Cryptocurrency)
Litecoin to roll back downAs I draw attention before, the 100 zone is a very strong resistance for Litecoin, and, in spite of this recent hype and "back to bull run" calls from the crypto Gurus, I don't expect it to have a sustained rise above this figure.
As we can see from the posted chart, LtcUsd already started to drop from this zone and also the recent leg up from December is a rising wedge.
A drop under 90 would confirm the pattern and the coin could drop to 60.
My general idea remains unchanged overall (although I had some buy trades on Btc and Eth): this is just a correction in the crypto market's case and as for Ltc, sell rallies towards 100 could be a good idea if you are also bearish on medium to longer term.
Of course, I could be wrong, but from a speculative point of view, a sell at 100 with a stop at 120 and a target at 60 makes sense.
LITECOIN Analysis and Trade Idea💸 #Analysis #Trade 💸
📊 #LTC 1H-45min_
In one hour's time, it is on a static surface (SR) that according to the number of collisions, there is a possibility of failure of this region from the RTM-style point of view. For the trident on that cryptocurrency to act this way, it will be activated by the Order Lifetime targets will be updated.
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📗Order Type: Buy Limit (Not Active Yet)
🟡Ep 1=95.50$
🟡Ep 2=94.50$
⛔️Stop>93.50$
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📕Order Type: Sell Limit
🟡Ep 1=104.50$
🟡Ep 2=106.50$
⛔️Stop> 108$
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📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
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👤 Analysis By Master_Of_Trades🦅
📅 2.19.2023
📫Get Free Access to Premium «Analysis + Trading Signals»
Litecoin ready to lead the market another 30%Litecoin has been moving beautifully but running into slight resistance around the $99 to $102 level. Which is the .236 fib level drawn in white.
Once we break through these levels I’m eyeing the overall fib drawn in yellow at $129. I’d expect this movement to be rapid, potentially within 1 daily candle.
From $129 the white fib .618 at $202 would be the next projected target.
Litecoin has definitely been leading the way but if BTC moves to $28,000 and gets rejected I’d expect LTC to see a rejection at the $129 level.
Whats everyone think?
LTCUSD On a pre-Halving rallyLitecoin/ LTCUSD is on its usual 1st rally it has had during every Cycle. This is the rise that takes place historically before each Halving. With Halving three in August, we see the current rally extending to the end of May before peaking. A reliable indicator to sell your rally buys is when the 1week RSI hits 75.00.
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BITCOIN - The Desperate Push to 26kBitcoin has broken the trend line on every time frame up to the Weekly. Need to stay north 22k through Monday to close the weekly above trend and buy time.
Next task on the list is to avoid the weekly death cross. Hence the desperate push to 26k. There is a load of support at this level with both the 50 and 200 ma present.
We've tested support on the trend line and will have a new high if we hold above 23.5k
IF that happens, next resistance is 26k where we will attempt to break the Weekly ma's and result in a very bullish Golden Cross on the Daily.
IF all of that happens then we will have officially reversed in my eyes.
One main reason I am bullish and have continued to buy up crypto since 16k is that we officially have a Green Monthly Heikin-ashi. If this closes green which I expect it to do, I will be very bullish. This is a very bullish sign and the first green monthly HA since November of 2021.
If you are following my $SPY trade, this is also a great hedge.
LTCUSD Futures ( LTCUSD ), H4 Potential for Bullish RiseTitle: LTCUSD Futures ( LTCUSD ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 108.33
Pivot: 94.81
Support: 89.98
Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 108.33, which is the intermediate high is.
Alternative scenario: Price may head back down to retest the support at 89.98 where the overlap support is located.
Fundamentals: There are no major news.
LTCUSD Potential for Bullish Rise | 16th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 94.72, where the overlap support is. Stop loss will be at 88.25, where the recent low is. Take profit will be at 116.03, where the overlap resistance is.
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LTC: Approaching ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached our target of $100 resistance, where it encountered profit taking selling pressure.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $85 (previous resistance), then $75. The nearest Resistance Zone is $100.
Litecoin rally to turnaround?Litecoin - 24h expiry - We look to Sell at 96.29 (stop at 98.31)
Posted a Double Top formation.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our bespoke support of 94.50 has been clearly broken.
Our profit targets will be 91.23 and 90.23
Resistance: 92.40 / 94.50 / 96.70
Support: 91.50 / 89.70 / 88.00
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