LTCUSDTThere are only 60 days left until the halving of Litecoin, and according to the data we have from the previous halvings, the upward movement will continue until 40 days before the halving, and after that the downward movement will begin. So, most likely, less than 20 days from The upward days of Litecoin remain and the prediction of the price of 130 dollars for these days should not be far from imagination. You should also consider possible sharp movements for such events.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
LTCUSD
Litecoin (LTC) Price Analysis 2023Litecoin (LTC) ranks 12th on CoinMarketCap in terms of its market capitalization. The overview of the Litecoin Price prediction for 2023 is explained below with a daily time frame.
In the above chart, Litecoin (LTC) laid out an ascending triangle pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.At the time of analysis, the price of Litecoin (LTC) was recorded at $91.99. If the pattern trend continues, the price of LTC might reach the resistance levels of $93.31 and $11. If the trend reverses, then the price of LTC may fall to the support of $83.31
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 95.51 (stop at 93.51)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
A break of yesterdays high would confirm bullish momentum.
We look for gains to be extended today.
Short term momentum is bullish.
Our profit targets will be 100.51 and 101.51
Resistance: 95.50 / 97.00 / 98.50
Support: 94.30 / 93.60 / 92.38
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 gearing for a breakout of lonterm acsending triangle LTC has been building an ascending triangle since June – 2022 and is inching closer near breaking above as this pattern is typically broken to the upside.
The LTC halving is scheduled for Aug 5th and if we look left on the charts for the past 2 LTC halving’s, price action topped in June/July before the Aug dates.
Watching the 4-day MACD cross will give us more clues to the weekly chart looking for the momentum we need to break above, and it looks to be crossing now! ✔
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Thursday’s notable gainers, as prices moved past a key resistance level.
Following a low of 88.35 on Thursday, LTC/USD rose to an intraday peak at 94.21 earlier in the day.
Litecoin broke out of its recent ceiling at 93.00, hitting a two-week high in the process.
it appears that Thursday’s surge came as the 14-day relative strength index (RSI) broke out of a ceiling at 58.00.
Since the breakout, the index has continued to climb, and as of writing this is currently tracking at 59.76.
In the event momentum continues in this direction, there is a strong chance that LTC will move above 95.00.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
Will Litecoins bearish momentum continue?Litecoin - 24h expiry - We look to Sell a break of 87.98 (stop at 90.02)
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
The medium term bias is neutral.
Short term momentum is bearish.
A break of the recent low at 88.06 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 83.02 and 82.02
Resistance: 89.00 / 90.00 / 91.50
Support: 88.06 / 87.00 / 86.20
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.
Litecoin- Rise to 133? (50% gain)Of the 3 coins analyzed today, Litecoin I like best.
As we can see from the daily posted chart, after the top above 100, the break under the rising wedge's support, and the drop in support, LtcUsd has started to rise again.
This rise is very constructive and we have had higher lows since March with the last low being a Pin Bar.
Resistance is now the zone between 93 and 95 and a break here could lead to a rise well above 100 to the next important resistance at 133.
Buying Litecoin at previous resistance.Litecoin - 24h expiry - We look to Buy at 89.11 (stop at 86.11)
Previous resistance at 89.00 now becomes support.
Support is located at 89.00 and should stem dips to this area.
Short term oscillators have turned negative.
Short term bias has turned positive.
50 4hour EMA is at 89.09.
Expect trading to remain mixed and volatile.
Our profit targets will be 96.61 and 97.61
Resistance: 91.93 / 93.00 / 94.60
Support: 90.00 / 88.50 / 86.50
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.
Could upcoming Litecoin havening outperform BitcoinAs the halving of LTC approaches, many of you may be wondering where to invest your hard-earned money. Well, I have some exciting news for you - Litecoin (LTC) could outperform Bitcoin (BTC) as the halving approaches!
You see, LTC has a halving event coming up in August 2023, which means that the mining rewards for LTC will be cut in half. This will reduce the supply of LTC and increase its scarcity, leading to a potential increase in its value. In fact, history has shown us that LTC has outperformed BTC in the months leading up to and after its halving event.
So, why should you invest in LTC? Well, besides the potential for higher returns, LTC is a solid investment with a strong community and development team. It also has faster transaction times and lower fees compared to BTC, making it a more practical option for everyday use.
Don't miss out on this opportunity to invest in LTC before its halving event. Take action now and add LTC to your portfolio. As always, make sure to do your own research and invest wisely.
Thank you for your time and happy investing!
LTC/USD Approaching the Halvening EventLooking at the weekly time frame of Litecoin as we are approaching the halvening event in September of this year, about 200 days away, this chart is looking eerily similar to the 2018 cycle bottom.
We’re going to see a pump upwards to $95-114 prior to the halving event with a pull back around to the area levels that were in now from $80-$84.
I believe we’ve seen the bottom for Litecoin at $41 and from here we’ve regained the long term uptrend extending from before the start of the 2017 bull run cycle.
So $80-$84 is the accumulation before the breakout and pullback to a very similar structure of what we’ve seen in Litecoin 4 years ago. Also, markets don’t bottom down, they bottom up.
Market bottom in the 2018 cycle was almost at the $20 range and the market bottom this cycle was almost touching the $40 level. All in all, this was a 100% increase over the period of 4 years and still a remarkable gain if you managed to get in early.
Obviously historical data doesn’t prove future results, but we can sort of use predictive behavior to figure out how this cycle will play out. We’ll see the Litecoin halving later this year which will spark the next bull cycle, following with consolidation all the way up until early 2025 where it will lead the bull run and breakout with Bitcoin following.
This will be a solid year of consolidation / accumulation, but definitely able to make some decent profits swing trading on the volatility.
If you were to HODL throughout the cycle and up until 2026, i’d expect another 100% flatline increase, otherwise an $80 bottom (floor) at the lowest.
As always please do your own research, I am not a financial advisor.
Trade Alert - Long LiteCoinTraders,
As you will read from my previous posts, the signal seems to be given on the Bitcoin chart to go long. Therefore, I will begin to acquire larger cap altcoins, followed by medium cap. Then small. The blow-off top that I have been calling for now over a year appears to be manifesting with reckless U.S. government expenditure. The dollar should drop over the course of the next year. Inflation will continue. And this will be priced into stocks, commodities, and crypto.
I am buying Litecoin here. Target TBD. SL = anything below the bottom of my triangle (pending risk tolerance).
Best,
Stew
LTC return 50% over the last year while BTC went negativeAre you feeling the sting of Bitcoin's recent losses? Well, fear not, my friend, because I have good news for you. Litecoin has been killing it lately, with returns of 50% over the last year. That's right, while BTC has been taking a hit, LTC has been flourishing.
So why not consider putting more of your investments into Litecoin? Not only has it been performing well, but it also has faster transaction times and lower fees than Bitcoin. Plus, with the recent announcement of a Litecoin debit card, it's becoming even more accessible for everyday use.
Don't get me wrong; Bitcoin still has its place in the crypto world. But if you're looking for a solid investment with impressive returns, Litecoin is where it's at.
So, what are you waiting for? Let's jump on the Litecoin train and ride it to the moon!
LTCUSDT at daily support, long favorable towards 91 and upSo the price has hit the daily support as expected in the last short idea from weekly resistance. Now this is an opportunity favoring long here. I believe the price shall bounce from this daily support. towards the next resistance zone around 91 and probably further up to weekly resistance WR1. It might dip a bit further lower but that should not scare us from this long opportunity.
LITCOIN📊 #LTCUSDT
⏱ TIME : 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
📍The initial buying limit :67.7
📍The second buying limit :57.6
📍The third buying limit :50.5
📌TP1 : 81 $
📌TP2 : 100 $
📌TP3 : 134 $
📌TP4 : 200 $
✅LTC is about To do a Bullish movement!🌟The LTCUSD is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 monthly
- Bullish Channel
- The Bottom of the Wedge area
- Falling Wedge Pattern
- Moving EMA100
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed.
✅Investing in something that is easy is rarely profitable.
Robert D. Arnott
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🌍Thank you for seeing idea .
Have a nice day and Good luck.