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LTCUSD

Litecoin: Short Signal Active.Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome. Having a tool like this makes it a LOT easier to compete in a highly random environment. Since it generates the signals for the same exact reasons every time, it removes a great amount of indecision and confusion on your part. You can focus more on the bigger picture like managing the trade. So let's evaluate the context, and see if this signal is sensible. By the way, all you need to properly evaluate context are horizontal lines, and the ability to highlight price patterns by drawing squares, etc. If you are consuming charts polluted with colors, oscillators, cartoons, etc., you are being entertained, NOT properly informed. It's like eating pizza with vegetables on it and thinking it's "healthier" for you. First is the broader trend. Is it bullish or bearish? Based on this chart, going back a number of months, the broader structure is bearish (lower highs, lower lows). As long as this structure stays intact, it is reasonable to expect resistances to hold and support to break. The scanner signal is clearly in line with the broader trend. An advanced trader can use this fact to justify moving the take profit to an even lower price like 60 or maybe high 50's. Why? A lower low has a greater probability and that translates into greater profit potential. Second, lets look at levels. Notice the two lower highs in recent weeks (blue arrows). They highlight the 70 whole number resistance area. If the trend is going to stay bearish, price should NOT compromise this resistance. Knowing this should help prevent you from getting long too soon, and from over reacting to any temporary noise (like a quick short squeeze). One other consideration is inter market relationships: Bitcoin and economic environment. It is not necessary to look this far when it comes to short term momentum trades, but it certainly doesn't hurt. Bitcoin is the leader, not Litecoin. As long as Bitcoin continues to maintain a bearish bias, Litecoin is likely to follow. And on top of that, interest rates are pushing new highs. NOT a favorable sign for speculative assets like Bitcoin and alt coins. Add all this up and the Litecoin short idea is sensible. This is what bolsters confidence when considering such trades. Being able to focus on these bigger picture elements is where the educational value is, not chartoons. Some form of automation within your trade effort can change your outcome significantly especially for beginners. Worry less about getting the setup right and focus more on managing the outcome. Thank you for considering my analysis and perspective. And if you liked this article, please let me know by pressing the boost button!
COINBASE:LTCUSD
by MarcPMarkets
12
Opportunity for a swing trade might be arisingAfter a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The first price target would be at Resistance 2 and the second at Resistance 3. Technical analysis gauge Daily time frame = Neutral/Slightly bullish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:LTCUSDLong
by Tradersweekly
16
LTC 24-Hr ☁️ Forecast (Bearish Trend); Reversal In One Week 🌞Bullish sun 🌞 continues to shine over the global crypto market in the next 24 hours, signaling upside potential. Yet, some altcoins, such as Litecoin, Avalanche, and Binance, face cloudier ☁️, slightly bearish trading conditions. ATTMO signals bullish sun 🌞 for Bitcoin, Litecoin, Cardano, Chainlink, and Uniswap over a one-week horizon. Ether, XRP, and Binance, however, face bearish scattered clouds ☁️ indicating a downward risk. 🚀🔍 Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
For past gloryHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (LTCUSDT chart) (1D chart) While trading futures, there are times when you need to check the big picture movements. That's when a trade doesn't go well or when a big uptrend is expected. Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point. This roughly means that we need to consider whether we can hold it during the 52% uptrend. Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend. If you hold it, it is expected that you will have to overcome two major crises. 1st: 78.47 2nd: 90.43 We need to check whether the price will rise in the 1st and 2nd areas above. (1h chart) It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator. However, now the HA-Low indicator has been touched again. Therefore, we can see that we have reached a trend reversal section. Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range. If not, there is a high possibility that it will turn into a downward trend. However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position. If the price rises above 64.92 and holds, the target range is around 67.35-67.18. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities. Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks. A few more high-reward low-risk setups here:💥 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by CryptoCheck-
34
LTC/BTC ~ 4-years channelPlan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon Target > ~ 0,010 - 0,013 Time > ~ 5-8 months (april-july 2023) P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market. But look how perfectly the channel worked. I think that we will still test it, as a correction, before the moon. -------------------------------------------------------------- The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$) The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40). -------------------------------------------------------------- I don't think the bear will last long, it may take a few days or hours to resolve. Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan. Keep abreast of the market
by just5
11
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on. First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating. The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it. So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind: 1) Bitcoin, did not finish the final candles. 2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low. 3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty. What's next? 1) The red channel is over, that's understandable 2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece. 3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL. PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth. <--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) ---> Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end. So let's buy it for $40... or $140. Not long left waiting!
BITFINEX:LTCUSD
by just5
8
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
BITFINEX:LTCUSDShort
by RizeSenpai
PROFIT: Finding TRADES on RED WEEKSHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation, potential for +153% increase. Very low risk and high reward setup TESLA NASDAQ:TSLA Long from trendline support, anticipated +28%, medium risk high reward setup LITECOIN BINANCE:LTCUSDT Short to next support zone, +12% medium risk medium reward setup _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
NASDAQ:TSLA
by CryptoCheck-
18
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ If LTC breaks this resistance successfully then we can expect a decent upward movementum. I'm planning to enter a LONG position after a successful breakout with a tight stoploss. Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits. Stoploss is must! Follow us for more updates. Cheers!
Long
by GreenCryptoTrades
6
Is Litecoin hinting at an upward move? Long trade #4Historically, in previous years, the price of Litecoin was one of the first to start a growth trend globally and at the same time one of the first to correct. If the previous sentence has aroused your interest, you can check out our previous ideas on the LTCUSDT ticker, where we described it in more detail and showed it on charts. So, let's try to assume that the painful correction of the LTCUSD price is already over, which means it's time to grow. Therefore, we suggest a long trade for LTC on the following conditions: Enter = 66.51 Stop = 63.97 (-3.9%) TP = 80.24 (+ 20.6%) P/L ratio = 5.4 Traditionally, we allocate $10,000 for this trade . In the event of a mistake, we will lose $390. If the trade works according to our scenario, we will receive a profit of $2060. What do you think of this trade, and what is your vision of the Litecoin market? Write about it in the comments!
Long
by P_S_trade
26
Driving Forces Behind Cryptocurrencies' VolatilityIn the ever-evolving realm of modern finance, the emergence of cryptocurrencies has catalyzed a seismic shift, captivating the imagination of investors and traders alike. Since the inception of Bitcoin in 2009, the cryptocurrency market has experienced an unprecedented surge, leading to a proliferation of digital assets, each with its own unique characteristics and potential applications. However, amid the exhilarating highs and gut-wrenching lows, the cryptocurrency market's intrinsic volatility has left many pondering the enigmatic forces that propel its wild fluctuations. This article embarks on a comprehensive exploration of the fundamental drivers that propel the volatile universe of cryptocurrencies, providing an in-depth analysis of the intricate interplay between a myriad of elements that influence prices and sentiment. From the far-reaching impact of macroeconomic factors and regulatory dynamics to the revolutionary power of technological advancements and the sway of market sentiment, a complex tapestry of influences collectively shapes the turbulent journey of digital currencies. As the global financial ecosystem grapples with the ongoing evolution of this nascent asset class, acquiring an intimate understanding of these pivotal factors becomes a cornerstone for investors, traders, and enthusiasts navigating this dynamic landscape. Diving into the Cryptocurrency Mosaic Cryptocurrencies have transcended their origin with Bitcoin to establish a vibrant and diverse ecosystem of digital assets. Each cryptocurrency possesses a distinct set of attributes, use cases, and underlying technologies, intricately weaving into the intricate fabric of the market. Broadly categorized, cryptocurrencies fall into two primary groups: coins and tokens. Coins like Bitcoin, Litecoin, and Bitcoin Cash are engineered to facilitate transactions and serve as alternatives to conventional currencies. In contrast, crypto tokens are constructed atop existing blockchain platforms, such as Ethereum, fulfilling functions like governance and ecosystem transactions. Furthermore, the consensus mechanisms employed by cryptocurrencies contribute to their diversity. The proof-of-work (PoW) mechanism, utilized by Bitcoin and others, relies on mining for transaction validation. Conversely, the proof-of-stake (PoS) mechanism, exemplified by Ethereum and Cosmos, leverages validators to confirm transactions, enhancing energy efficiency and scalability. Decrypting Cryptocurrency Volatility Volatility is an intrinsic characteristic of cryptocurrencies, fueled by a confluence of influential factors: Limited Liquidity: With trading volumes and market capitalization often lower than traditional assets, even modest buy or sell orders can generate substantial price fluctuations. Speculative Nature: Cryptocurrencies are frequently viewed as speculative instruments, leading to price movements driven by market sentiment, hype, and speculative behavior, rather than fundamental analysis. Regulatory Ambiguity: As a relatively nascent and lightly regulated market, regulatory developments can trigger abrupt price shifts as investors respond to changes or uncertainties in the legal landscape. Sentiment Swings: Market sentiment, shaped by events like security breaches or regulatory announcements, can exert considerable influence on cryptocurrency prices. Manipulation Vulnerability: Due to limited oversight and liquidity in certain markets, cryptocurrencies are susceptible to manipulation by sizable holders, leading to price distortions. Technological Factors: Technical vulnerabilities or glitches can prompt swift price fluctuations as investors react to perceived risks associated with the underlying technology. Adoption and Utilization: The practical adoption and use cases of cryptocurrencies significantly influence their value. Currencies with tangible utility and real-world applications tend to garner heightened interest and market support. Supply and Demand: The fundamental economics of supply and demand guide cryptocurrency prices. Scarce supply coupled with growing demand can propel prices upward. Macroeconomic Influences: Broader macroeconomic factors, encompassing inflation, interest rates, and geopolitical events, can channel investor attention toward cryptocurrencies as alternative investment vehicles or stores of value. Influential Figures' Statements: Public endorsements or criticisms from influential figures exert considerable impact on cryptocurrency prices, shaping market perceptions and behavior. Conclusion As cryptocurrencies reshape the financial landscape, delving into the driving forces behind their volatility is essential for navigating this dynamic market. From the inception of Bitcoin to the kaleidoscope of digital assets that now flourish, the cryptocurrency market is characterized by its rollercoaster-like price oscillations. This article has undertaken a comprehensive exploration of the key factors influencing this volatile realm. Regulatory shifts, market sentiment, technological advancements, hacking incidents, and supply-demand dynamics all converge to define cryptocurrency movements. Understanding these multifaceted influences empowers investors, traders, and enthusiasts to navigate the unpredictability of the crypto landscape with poise and informed decision-making. While cryptocurrencies promise transformation, their journey is marked by rapid evolution and maturation. As the landscape continues to evolve, maintaining vigilance and adaptability remains pivotal. Regardless of your vantage point, comprehending these factors empowers you to seize opportunities and surmount challenges in the captivating realm of digital assets.
Education
by FOREXN1
3
TRADE ALERT - LONG LITECOIN (LTC)Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106. A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now from a technical standpoint, little Litecoin looks to be oversold. You can see on the RSI chart below that every time we hit that ascending red TL, we popped for a gain of at least 50%. Every. Time. Thus, probability here remains largely in our favor just from this one indicator. Now follow that black vertical line up the chart. You will notice that it intersects with our candle today which lies directly on strong support (red TL) from December of last year. Could we break below these major trendlines I have drawn on all my charts and get stopped out? Well yeah. Of course! But I like my chances here. This is not financial advice. Just showing you all what I am doing here. Best, Stew
COINBASE:LTCUSDLong
by stewdamus
2
BTC buying opportunity aheadIf US dips into publicly acknowledged recession in Q3, we might see crypto correction, as a benchmark - BTC to 12000 in autumn. I see this as an ultimate buying opportunity. Pros: recession is likely to happen crypto needs much more accumulation for a good bullrun than it has now I can't see a real bullrun without Fed pivot, only BTC/LTC/ETH speculations on banking collapse fear, it is not a proper fuel to 100k BTC. Cons: fiats hyperinflation might trigger earlier hype in crypto, then no such deep correction will occur Fed might make early changes to monetary policy to assure banking system safety, this will hurt crypto accumulation and cancel the dip
BITFINEX:BTCUSDShort
by Sen_Shi
1
LITECOIN's Post-Sell-Off Potential:Navigating the Crypto Storm..Capitalizing on Crypto Chaos: Litecoin's Post-Sell-Off Potential The cryptocurrency world experienced a sudden seismic shift yesterday as Bitcoin's abrupt plunge sent shockwaves rippling through the entire sector. This downward spiral was set into motion by a Wall Street Journal report that SpaceX, a significant proponent of the digital currency, had marked down its Bitcoin holdings for 2021 and 2022 by a staggering $373 million through cryptocurrency sales. The markets responded with a frenzied overreaction, prompting a wave of sell-offs across the retail sector. However, a closer examination reveals that SpaceX's actions had been taking place quietly over the course of the past two years, rather than being a sudden decision made yesterday. The sharp and swift selling frenzy can be attributed to a temporary loss of confidence stemming from the perception that one of Bitcoin's staunchest backers was now heading for the exit. While it may seem logical for Bitcoin's value to continue sliding, as other blockchain projects have long been offering features that Bitcoin either couldn't fulfill or chose not to, the chain reaction of this sell-off has created an unexpected silver lining: excellent buying opportunities. In the midst of this cryptocurrency chaos, Litecoin emerges as a beacon of promise and a potentially lucrative long position. The highly anticipated halving event, which has historically led to substantial rallies, defied expectations by triggering a 10%+ sell-off. Yet, this unexpected response can also be seen as a sign of the maturation of the crypto sector. A deeper look into Litecoin's long-term fundamentals reveals its potential as a game-changer in the world of cryptocurrency. It encompasses all the necessary elements required to disrupt traditional fiat transactions. Moreover, Litecoin has managed to carve out a significant adoption rate within a plethora of high-growth, high-value industries including gaming, sports betting, digital peer-to-peer payment processing firms, and globally recognized brands. The aftermath of the post-halving sell-off is where the real opportunity arises, amplified by the aftershocks of Bitcoin's tumultuous trajectory. While short-term volatility is expected as bulls and bears lock horns over the next move, those who dare to venture into Litecoin's waters during these times could be rewarded handsomely. History provides a compelling precedent: the LTC/USD pair has a history of rebounding with vigor following extreme sell-offs. Over the last six weeks, the LTC/USD price plummeted from its previous heights of $114+ to below $56. However, this downward trajectory seems to mask a more bullish outlook than what the market has seen in recent years. Despite the one-day slump triggered by Bitcoin's turmoil, the forecast for LTC/USD remains cautiously optimistic, with the potential for a turnaround that could defy current pessimism. As the crypto market grapples with uncertainty and Bitcoin's reverberations continue to be felt, Litecoin appears poised to prove its resilience and potential as a rewarding long-term investment. In these tumultuous times, where opportunities emerge from chaos, Litecoin's path might just be the one leading to significant gains for those willing to navigate through the storm.
by FOREXN1
18