Litecoin LTC long medium-term trade #21Taking into account the fact that in the medium term we are more inclined to believe that the crypto market will grow, we continue to publish medium-term trades.
In order to continue the growth of the crypto market, we would not like to see a correction of the BTCUSDT price below $26950-27000 in the coming days:
In previous years, the LTC price was one of the first to start an upward trend and correction. This year, the "scheme" failed, the LTCUSDT price was one of the first to start correcting in July, but it still can't start growing, although the BTC price has been growing slowly for 2 months...
We will try "to push" the Litecoin price up a bit :) by entering a medium-term trade on the following conditions:
Entry: in the range of $60.21-62.51 (the desired average price is $61.36)
Stop: $55.99 (-8.75%)
Take profit: $83.80 (+36.57%)
P/L ratio: 4.2/1
We allocate $10,000 for LTCUSD trade,
In the event of a mistake, we will lose $875
If the trade will be a success, we will receive a profit of $3650
LTCUSD
IGNORE THE FUDThere has been increasing Litecoin FUD lately, Ive noticed. I dont listen to it because Litecoin fundamentals have never been stronger, and compared to all the other garbage no one uses Litecoin is actually looking quite sexy to the investor who has eyes to see beyond the BS. Also for the LTC bulls go take a look at the top richest wallets. You will be able to see that the smart investors are the ones loading up as much as they can recently. It wont be long, usually there is a lot of FUD before a major move, and there are so many who are salty because they invested at the top and lost their shirts so now they hate LTC because of it. Ignore all that and know that this coin will be #2 again very soon. Charlie didnt sell his stash because he needed the money. Ho got a whisper in his ear back then about the securities issues that are about to delete 99% of all the crap out there. When that happens guess what will still be around :) Good luck and this is not financial advice, just my opinion. Thank you.
Litecoin Solid Buy Signal!LTCUSDT located at support zone, this zone is proven to be solid buy opportunity in following years 2017, 2018, 2020. Now 2 years later, LTCUSD consolidating in this zone again, and it just made a breakout! I am hop in this running train and waiting for nice income during the move.
Litecoin Aiming at the $72 ZoneLitecoin exhibits less dynamism and activity. This can be attributed to the decreased interest in “older” coins from buyers, who seem to prefer new and developed blockchains like the Zkevm, the Layer 2 Blockchains like Cyber, Sei and the likes.
Nonetheless, LTC has come remarkably close to the resistance zone of $70.00-$72.87, opening up the possibility of breaking out of the sideways trend that has persisted for three months.
Should buyers successfully navigate through the current resistance zone, LTC could initiate an upward trend, aiming for highs at the $76 and $79 levels. These points serve as the initial targets for buyers in the event of LTC's growth.
A correction in the BTC chart might similarly impact the LTC price. At present, the relevant support zones are found within the ranges of $66.3-$67.6 and $63.2-$64.8. However, if Bitcoin falls by 5-10% in a short span, LTC could quickly plummet due to the apparent lack of buying strength in its chart (at least at the time of writing this review), easily breaking through all the existing support zones.
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out.
When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH.
Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall.
September 2023
Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP.
Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”.
Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers.
June 2023
EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT).
For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans
later this year to launch a clearinghouse to help settle trades.
Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out.
When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH.
Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall.
September 2023
Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP.
Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”.
Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers.
June 2023
EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT).
For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans
later this year to launch a clearinghouse to help settle trades.
Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
Parabolic ArchText book says "wait for the zones". This appears to be the beginning of a larger parabolic step formation. We can therefore expect four defined levels up which would put us into the 100s. "Traders view the parabolic formation as one of the strongest uptrend patterns that precede reversal."
Litecoin Macro Analysis : BIG MovesHi Traders, Investors and Speculators of Charts📈📉
From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis.
By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train.
The bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
What's still missing:
✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5)
✅ Weekly candle close ABOVE 70
Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase.
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BINANCE:LTCUSDT
LTCUSDT.Poday, the price of Litecoin stands at $64, backed by a 24-hour trading volume amounting to $234 million. With a market capitalization of $$4,735 billion. Over the past 24 hours, the LTC price has seen a 3.94% increase.
The LTC price analysis for 22 October confirms that bulls are attempting to prevent a downward rally as LTC price met a surge in buying pressure and is exponentially surging toward $66. Over the last few hours, LTC price flashed high buying pressure in an effort to meet buyers’ demand.
Analyzing the daily price chart, Litecoin price is currently experiencing buying activity as it made a buying pressure from the low of $60.
BE CLEVER AND CHOOSE YOUR SIDE THEN TRADE THE ADVICE .
If u want to have more our private idea text us.
Long position
🔻 Buy LTC
📌Entry: 62.50 - 62
🚫 SL: 59.50 - 59 ( -4.80 %)
🚫 TP: 70.10 ( +12.20 %)
LTC Under Pressure 📉, 24H & 1-Week Horizons Cloudy ☁️Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Litecoin, Ethereum, Cardano, Uniswap, and Polkadot may come under pressure. Chainlink bucks this negative trend and has upside potential, according to ATTMO.
Over a one-week horizon, the bearish trend will continue to linger over the crypto universe, except for Bitcoin, Polygon, and Chainlink. Slightly bullish sun ☀️ will shine over this trio, indicating a possible upside in their prices.
Follow us for more crypto weather reports!
LTCUSDT at monthly support, likely to bounce soon.The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world.
Here are a few reasons why Litecoin might be considered an undervalued asset:
Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases.
Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments.
Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection.
Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features.
Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness.
Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions.
Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant.
Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward.
Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers.
Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts.
As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market.
What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below!
Always sincerely with You,
Yours, Kateryna💙💛
LTC - 10/10 23LTC - 10/10/23
**Trade setup:**
LTC is trapped in between this supply and demand zone since the fall from $84, if it is broken there is a FVG to tap into around $72 a break of $72 will turn the trend bullish again!
If this DEMAND zone is broken it will head for the low it created 16th AUG!
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
LTC halving- Litecoin (LTC) experiences intense volatility prior to its halving event.
- The halving event is expected to reduce the mining reward for LTC from 25 to 12.5 coins.
- Price fluctuations are observed as investors panic sell and others hold on to their positions.
- The trading range remains relatively tight during this period.
- Uncertainty surrounds the impact of the LTC halving, especially when compared to historical Bitcoin halvings.
- The halving event is scheduled to occur at 16:34 UTC today.
Litecoin Elliott wave Daily countLitecoin may turn upside for wave d from a triangle pattern if will keep 65.39 level.
Wave b rejected at 0.854 fib retracement of wave a and now probably will bounce from 0.854 retracement of wave b(71.09)
If will break above 79.77 It will will strengthen our count!
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Good luck!