LTC/USDT 4HInterval Resistance and SupportI invite you to review the LTC chart on the four-hour interval. As we can see, the price has moved out of the local downtrend channel, which we used to determine the blue lines.
Now let's move on to marking the price support points and we see that we first have a support zone from $92 to $90, but if the price goes lower, we have another support at $88.30, then at $86.35 and another support at $83.80 $.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that we are currently below the first resistance zone from $94 to $97, when we manage to break it we have the second resistance zone from $99 to $101. Next we have a strong resistance at $103.82 and the next one at $107.57.
The CHOP index indicates that most of the energy has been used, the MACD indicates that the uptrend is maintained, while the RSI indicates that we are moving around the middle of the range, which makes it difficult to indicate the direction of the price.
LTC
LONG LTCUSDT (4H)The ELLIPSE trading strategy has generated a long signal (4H timeframe) for Litecoin (LTC) at $77.51.
The price has recently broken through the monthly pivot (P) level (denoted by the orange line) and has subsequently seen both the price and lagging line on the daily chart break out of the Ichimoku cloud (as evidenced by the green background on the 4-hour chart).
The first significant resistance level encountered was the yearly pivot (P) at $88 (indicated by the black line). The price has been hovering around this level for approximately 2 weeks.
Today, the price has broken through this level with high volume, indicating that the trend is likely to continue with the next major resistance level being the yearly resistance (R1) at around $135. Keep in mind that there may be additional resistance around monthly R3 ($107), R4 ($118) and R5 ($129).
Additionally, the alignment of all 9, 21, 50, 100 and 200 exponential moving averages suggests a bullish trend.
Note that the halving of the block reward is scheduled to occur around August this year, which has historically led to a bullish momentum.
$LTC/#BTC [#Litecoin]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $LTC / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.004277 | 0.004539 | 0.004952 and the major support zones are respectively at 0.003864 | 0.003713 | 0.0033. We may consider entering a trade at the current price zone at 0.004046 and targetting higher levels.
◰◲ General info :
▣ Name: Litecoin
▣ Rank: 16
▣ Category/Sector: Payments - Currencies
◰◲ Technical Metrics :
▣ Mrkt Price: 0.004046 ₿
▣ 24HVol: 170.475 ₿
▣ 24H Chng: 1.556%
▣ 7-Days Chng: -3.77%
▣ 1-Month Chng: 5.49%
▣ 3-Months Chng: 26.90%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.004277 | 0.004539 | 0.004952
◢ Support: 0.003864 | 0.003713 | 0.0033
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◰◲ Sharpe Ratios :
▣ Last 30D: 0.77
▣ Last 90D: 1.56
▣ Last 1-Y: 0.28
▣ Last 3-Y: 0.60
◰◲ Volatility :
▣ Last 30D: 0.64
▣ Last 90D: 0.57
▣ Last 1-Y: 0.84
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.70 - Bullish
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.77 - Very Bullish
▣ In-depth LTCBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Support of buyersAfter the support of Litecoin buyers completely broke the resistance of the $85-$91.5 range and turned this level into support, the correction and pullback to this support brought positive reactions.
The buying pressure continued up to the resistance range of $150.60 to $108.4, and by closely touching this range, we saw a negative reaction and profit savings by short-term buyers.
The continuation of the LTC trend can be considered between the specified levels.
The range that has been formed is expected to continue until the market is in favorable conditions again.
In general, until the current support is not broken, the price trend will not be downward in the short term and in the 4-hour timeframe. But if the 4-hour time trend is down, the price reduction can continue up to the support range of $69.90 to $73.30.
Will Litecoin find support at current levels?Litecoin - 24h expiry - We look to Buy at 90.01 (stop at 87.81)
Daily signals are bullish.
The sequence for trading is higher highs and lows.
The previous swing low is located at 87.98.
Preferred trade is to buy on dips.
50 1day EMA is at 90.08.
Bespoke support is located at 90.
Our profit targets will be 95.51 and 96.51
Resistance: 95.00 / 97.50 / 100.00
Support: 93.50 / 92.00 / 90.00
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Litecoin - the anatomy of a trading range - rsi editionLitecoins halvings creating nice rallies during the bear market in between Bitcoins halvings.
This is a chart showing majority of the divergence / hidden divergence on the timeframe selected.
The halving is due in August 2023.
if there is a throw back after the current hidden bear div is locked in, the sweet spot is marked.
be sure to have a profit taking system that's methodical.
LTC global accumulation channel with a step of 500%304 - global resistance level
33.56 - global support level
96.51 - local resistance! the level is formed by a stop of movement on a downtrend
Please note: there is a global accumulation channel with a 500% step, the price of the asset has now broken through the global downtrend and is trying to gain a foothold above it.
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?
LTCUSDTThe LTC in the daily after the congestion faced in the period between June 7, 2022 until October 29, 2022, it started 1 wave 1, and unfolded in 2,3,4 and now it is in wave 5, being able to reach 140.
At 4 o'clock it hit the upper band of the Keltner Channel and returned to the median, and now gaining momentum to return to the upper band
Here are the supports and resistances in the 4H:
Key support levels: 98.92 / 93.72
Main Resistance Levels: 104.05 / 106.05