Litecoin to breakdown?Litecoin - 24H expiry - We look to Sell a break of 82.98 (stop at 85.98)
There is no clear indication that the downward move is coming to an end.
Our short term bias remains negative.
83.78 has been pivotal.
A break of the recent low at 83.78 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 75.98 and 74.88
Resistance: 87.30 / 88.60 / 90.50
Support: 85.80 / 83.70 / 81.50
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LTCUSD
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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LTC cup and handle pattern1D chart:
The H&S did not stop falling after falling to the target price of 73.99, and the lowest price reached 64.98. After the LTC stopped falling, it formed a bottom and broke through the neckline price of 88.26, showing an ascending triangle pattern.
Pay attention to the target price above:
99.90
102.65
111.54
117.13
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4 hr chart cup-and-handle pattern:
After breaking through the neckline at 88.26, the price tested around 95.86 twice. The first step back to 85.53 was effectively supported, the second step back to the Fibonacci sequence of 0.382 (89.48), and then broke through the neckline 95.86, and the cup-handle was established.
Follow the goals above:
99.81
101.03
102.24
106.19
108.67
Stop loss: 88.88
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Daily charts operate with spot or low leverage.
The 4 hr cup-and-handle pattern can be operated with a higher leverage to expand profit margins.
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✅TS ❕ LTCUSD: decline in the range✅✅ Litecoin moves in the range.
The graph keeps a downtrend.
The price will continue to decline. ✅
🚀 SELL scenario: short to 86.98 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LTC #IntradayBuying from the momentum and volume, 2 options for setting a stop short for the volume under 87, and a longer stop, which is suitable for those who are interested in going in and sitting in a position longer, it is set under the consolidation below 84.
The first target is 90 and then 92,94,96 and more distant, a return to a test of the $100 zone.
Support for author subscription ✅ and rocket start 🚀.
Good luck and profit to all.
W9.1-7 LTC BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
Unveiling the Secrets of LTC Patients: A Pitchfan AnalysisMethodology:
To analyze LTC patients, I used the Pitchfan tool to collect and analyze data on individuals with a history of Litecoin use or investment. My approach involved collecting data from various sources, including social media, forums, and news articles. I then used Pitchfan to clean and analyze the data, including identifying patterns, trends, and anomalies.
Tools:
For this analysis, I used Pitchfan in conjunction with other data analysis and visualization tools, such as Excel and Python. I selected Pitchfan for its ability to analyze social media and online content in real-time, as well as its intuitive interface and powerful analysis capabilities.
Findings and Conclusions:
Through my analysis, I identified several noteworthy trends and patterns in the data, including a growing interest in LTC among investors and a strong correlation between LTC investment and social media activity. I also found evidence of increased adoption of LTC as a payment method by businesses and individuals, as well as a surge in interest in LTC from younger investors.
Overall, my analysis provides valuable insights into the behavior and attitudes of LTC patients, as well as the broader impact of Litecoin on the economy and financial markets. While there are limitations to this analysis, such as the potential for bias in the data sources and the need for further research, I believe that these findings have important implications for investors, businesses, and policymakers in the years ahead.
Litecoin - Looking To Sell Pullbacks In The Short TermH4 - Price is bouncing lower from a strong resistance zone.
Most recent uptrend line breakout.
No opposite signs.
H1 - Bearish divergence followed by a strong bearish move.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
LTC LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LITECOIN BITCOIN IS GOING TO EXPLODE! The Litecoin to Bitcoin ratio has been in a massive multi year falling wedge due to all these junk coins coming out and flooding the market. This caused Litecoin to fall on the back burner as many people are stuck on the hype of all the new junk out there. Non the less Litecoin is what it is and its true value is about to show. This wedge has broken after many years and for the first time a golden cross is about to happen which will rocket Litecoin to its proper LTC/BTC valuation. Also if you go look at the Litecoin wallet rich list, smart money has been accumulating millions of Litecoin for the past year in preparation while all the lemmings are buying Shib, XRP, and the like. Litecoin will lead this next Altcoin rally in gains and in adoption as people fly out of their shltcoins and get into assets thats are not securities. So many people are delusional in this space and believe all the hype around the crap that has come out recently as far as new cryptos. Almost nothing will survive the coming SEC purge of the crypto space except for Litecoin and Bitcoin and possibly a couple more. Dont listen to the haters, they are emotional because they are holding bags of dirty diapers and they think they will get rich when in reality they will all lose their shirts unless they get out before the herd and into the proven cryptos like BTC and LTC. Hold strong Litecoin fam, the day of reckoning is coming and we will surely be rewarded for our patience. This is not financial advice this is just my opinion. Thank you
LITECOIN LTCUSD IS GOIN TO $10,000 WITHIN THE NEXT YEAR!Litecoin has been in this Bull pennant formation for years and a break if this pennant will give a measured move to about $10k. This will happen extremely fast and will literally shock everyone in the cryptosphere. Lots of haters out there for Litecoin but thats ok they just dont understand how things work in this space. Let them buy their Shib, Doge, Matic, XRP, BNB, blah blah because at the end of the day they will be the ones to provide us Litecoin and Bitcoin holders with the blowoff and the liquidity to dump on their chins at the top when they mass exit out of 99.9% of the cryptos out there. The chart is undeniable, the pattern is undeniable and I am confident that Litecoin will be right under Bitcoin in short order. All these unregistered securities the noobs are holding are going to evaporate. The SEC will drop the hammer on all of them. Once XRP (the head of the snake) loses the lawsuit there will be a flight to safety within the Crypto space out of all those unregistered securities into cryptos that are not securities. Right now I can only think of two maybe three. Bitcoin, Litecoin, and possibly Digibyte but that one is debatable. Charlie Lee knew exactly what he was doing when he sold his bag of Litecoin. He knew the regulations that were coming. I also think Charlie Lee is the creator of Bitcoin as well or at least knows who it/they were. This is not financial advice this is just my opinion.