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LTCUSD

LITECOIN, Triangle Completion Points to Further Volatility!Hello Community, as the year of 2022 is coming to an end the market shows up with important structures and developments that are necessary to watch and in this case there are coins in the market showing opportunities to move forward with. It is always necessary to look at the cryptocurrencies in the market with an increased pump potential in the market which other cryptocurrencies in the market do not show. In this case I detected a crucial formational structure developing in Litecoin with a determining potential to watch out, especially in the next times. As when looking at my chart we can watch there how Litecoin recently completed this main ascending triangle formation with a breakout above the upper boundary and now Litecoin has come to an important point in the structure here as it is trading above the point of control marked in red within the volume profile in my chart, this is the point in which the most volatility is staying and as long as Litecoin holds above this area it is a good level and setup for further continuations to move forward with. The longer Litecoin stays above this area and builds up as it is seen in my chart the stronger the preceding breakout and volatility continuation will be and once Litecoin also broke out above the upper boundary of the confirmational triangle this will be a setup from where Litecoin is going to accelerate heavily and activate the target zones seen in my chart. Once these targets have been reached it will be central on how Litecoin approaches the areas and if the volatility is high or not, in either of these scenarios further assumptions can be made. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
✴️ Litecoin Potential Bullish PatternWhen we look at the last three candles on the Litecoin vs USD chart (LTCUSD) we have a potential reversal pattern... Not yet complete/confirmed. If Litecoin were to close daily/today above $66 this would send out a strong bullish signal. Support was found at the 0.5 Fib. retracement level. While this isn't the 0.618 nor 0.786 Fib. level, when a pair is really strong it can recover sooner such as 0.5 or 0.382 Fib. This is the case with Litecoin. We know it has been strong because it moved ahead of the entire market. Another signal is a hidden bullish divergence short-term. Looking at November vs December, LTCUSD hits a higher low. The RSI on this same date hits a lower low... This is a hidden bullish divergence and while a short-term one it is really strong. There is growth potential. Higher lows tend to lead to higher high... So prepare! Namaste.
GEMINI:LTCUSDLong
by AlanSantana
14
ETHUSD and LTCUSD Technical Analysis – 22nd DEC, 2022ETHUSD: Bullish Harami Pattern Above $1152 Ethereum was unable to sustain its bearish momentum and after touching a low of 1152 on 20th Dec, the price started to correct upwards against the US dollar crossing the $1200 handle today in the European trading session. We have seen a bullish opening of the markets this week. We can clearly see a bullish harami pattern above the $1152 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just above its pivot level of 1217 and moving into a mildly bullish channel. The price of ETHUSD is now testing its classic resistance level of 1221 and Fibonacci resistance level of 1224 after which the path towards 1300 will get cleared. The relative strength index is at 59 indicating a strong demand for Ether and the continuation of the bullish phase in the markets. We can see the formation of bullish engulfing lines in the 4-hour time frame. Both the STOCHRSI and Williams percent range are indicating an overbought market, which means that the prices are expected to decline in the short-term range. Most of the technical indicators are giving a BUY market signal. Most of the moving averages are giving a BUY signal and we are now looking at the levels of $1350 to $1400 in the short-term range. ETH is now trading above its 100 & 200 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1152 mark Short-term range appears to be mildly bullish ETH continues to remain above the $1200 level The average true range is indicating LESS market volatility Ether: Bullish Reversal Seen Above $1152 ETHUSD is now moving into a mildly bullish channel with the price trading above the $1200 handle in the European trading session today. ETH touched an intraday low of 1209 in the Asian trading session and an intraday high of 1220 in the European trading session today. We can see that the price is back over the pivot point in the 4-hour time frame. The parabolic SAR indicator is giving a bullish reversal signal in the 2-hour time frame. The Ichimoku price is over the cloud in the 2-hour time frame indicating a bullish tone of the markets. The price of Ethereum is marching towards a bullish zone against the US dollar and bitcoin. ETH/USD could continue to move higher back towards the $1400 level. The daily RSI is printing at 47 indicating a NEUTRAL demand for Ether in the medium-term range. The key support levels to watch are $1184 which is a 3-10 day MACD oscillator stalls, and $1191 which is a 14-3 day raw stochastic at 20%. ETH has increased by 0.20% with a price change of 2.43$ in the past 24hrs and has a trading volume of 37.617 billion USD. We can see a decrease of 29.77% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH’s price continues to remain in a bullish zone against the US dollar and bitcoin. ETHUSD is expected to move higher towards the $1300 and $1400 levels this week. On the upside we are now looking at the immediate targets of 1303 which is a 38.2% retracement from a 13-week low, and 1372 which is a 50% retracement from 13-week high/low. The immediate short-term outlook for Ether has turned mildly bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support level of $1172 at which the price crosses 18-day moving average stalls. The weekly outlook is projected at $1450 with a consolidation zone of $1350. Technical Indicators: The average directional index, ADX (14): is at 33.73 indicating a BUY The rate of price change: is at 0.694 indicating a BUY Bull/bear power (13): is at 9.48 indicating a BUY High/lows (14): is at 2.49 indicating a BUY LTCUSD: Bullish Engulfing Pattern Above $61.07 Litecoin was unable to sustain its bearish momentum last week and after touching a low of $61.07 on 19th Dec, the price started to correct upwards against the US dollar crossing the $66 handle today in the European trading session. We can see that the price is back over the pivot point in the daily time frame indicating a bullish tone of the markets. We can clearly see a bullish engulfing pattern above the $61.07 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving average and below its 200 hourly exponential moving average. The price of LTCUSD is just above its pivot level of 66.18. The relative strength index is at 61.91 indicating a STRONG demand for Litecoin and the continuation of the bullish phase in the markets. We can see that the Williams percent range indicator is back over -50 indicating a bullish trend in the 15-minute time frame. Litecoin touched an intraday low of $65.23 in the Asian trading session and an intraday high of $66.60 in the European trading session today. The price of Litecoin continues to remain above most of the moving averages, which are now giving a STRONG BUY signal at current market levels of 66.28. The STOCHRSI is indicating an overbought level, which means that the price is expected to correct downwards in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a BUY signal Litecoin: bullish reversal seen above the $66.30 level The commodity channel index is indicating a neutral level The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $61.07 We can see that the price of Litecoin continues to gain traction against the US dollar and bitcoin. We are now looking to touch the $70 level. The super trend indicator is giving a bullish reversal signal in the 4-hour time frame. We can see the formation of bullish engulfing lines in the daily time frame. The Ichimoku price is over the cloud in the 2-hour time frame indicating a bullish trend. The resistance of the channel is broken in the 15-minute time frame. The price of LTCUSD is now facing its classic resistance level of 66.33 and Fibonacci resistance level of 66.52 after which the path towards $70 will get cleared. The daily RSI is printing at 41.35 which is indicating a weak demand for Litecoin and the shift towards the consolidation phase in the short-term range. LTCUSD has increased by 1.45% with a price change of 0.9506$ in the past 24hrs and has a trading volume of 0.314 billion USD. Litecoin’s trading volume has increased by 28.66% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin remains supported at lower levels and now we are looking to gain strength above the $70 handle. We can see the resumption of the long term bullish trend with the support located at $61.91 which is a 38.2% retracement from a 13-week low. The price of Litecoin needs to remain above the important support level of $65.69 which is a 14-3 day raw stochastic at 20% The short-term outlook for Litecoin has turned mildly bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $75 with a consolidation zone of $70. Technical Indicators: The MACD (12, 26): is at 0.219 indicating a BUY The average directional index (14): is at 30.67 indicating a BUY Bull/bear power (13): is at 0.684 indicating a BUY The rate of price change: is at 10.52 indicating a BUY Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
COINBASE:ETHUSD
by FXOpen
2
LTCUSD ABC correction nearing completion?after 5 waves up we are seeing a massive ABC (variation of) correction and completing the 5 waves of C imho IF this count is correct, and BTC tumbles to new lows (or at least test previous lows) i think its fair to say we will see market wide corrections Some Key Levels of Significance: -$48.88 -$40.27 -$29.52 -$22.83 in particular if this current structure is a true bear flag, i will be most interested in a buy at the ~$30.00 level not financial advice, just thoughts and notes for me to compare in the future.
COINBASE:LTCUSDShort
by astoinis
1