LTC 50/100 SMA Cross Bullish SignalLTC recently had the daily chart 50 and 100 sma cross. This is a bullish signal for the price action. Volume is declining as the price makes higher lows on a rising support. Stochastic rsi is 40. Target for the trade would be the previous swing high marked in a rectangle.
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LTCUSD
LTCUSD - Indicator PerspectiveThis is the monthly chart for LTCUSD. As seen back in 2017 price flew up during the red period of this indicator, right now we are experiencing a red period like this, will price repeat the up move during red?
Horizontal lines in white are the two strong support areas
Bullish
Litecoin Surge 5% on Speculation of An ETF Filing Litecoin ( CRYPTOCAP:LTC ), the pioneering Proof-of-Work (PoW) digital currency, has recently gained renewed attention following Canary Capital’s filing of a spot Litecoin ETF application with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone, as it's the first of its kind in the United States, potentially offering investors institutional-grade exposure to the cryptocurrency.
Canary Capital, a U.S.-based asset management firm, filed the Form S-1 with the SEC, naming the product the Canary Litecoin ETF. This filing follows a similar push from the firm earlier this month for an XRP ETF, signaling growing interest in expanding regulated funds tied to digital currencies.
Litecoin’s Unique Position in the Market
Litecoin ( CRYPTOCAP:LTC ), launched in 2011, is one of the oldest and most battle-tested cryptocurrencies. Its blockchain boasts a 100% uptime, making it a reliable digital asset in a market known for volatility and disruptions. Despite its longevity and utility status, Litecoin’s influence has waned in recent years, with newer blockchain projects overtaking it in rankings and market share.
However, Canary Capital sees this as an opportunity. In its filing, the firm expressed strong confidence in Litecoin's enterprise-grade utility, citing its scalability and resilience as reasons why an LTC ETF could offer investors significant value. While the approval odds for such products have historically been low, especially in the U.S., Litecoin’s status as a commodity could work in its favor. This distinction may allow the SEC to approach the application with a more favorable outlook.
Implications for Litecoin ( CRYPTOCAP:LTC )
In the wake of the ETF filing, Litecoin's price saw a significant 6.5% surge, reaching $71 within 24 hours. Historically, institutional interest in cryptocurrencies, especially through ETF filings, has driven substantial price action. Should the Canary Litecoin ETF gain approval from the SEC, it could trigger a broader rally for the digital asset.
Though the market has yet to see how the SEC will respond to this proposal, investors are optimistic. Historically, cryptocurrency ETFs have faced regulatory hurdles, but a successful approval could pave the way for Litecoin to reclaim its place among the top-tier digital assets.
Technical Outlook
On the technical front, Litecoin ( CRYPTOCAP:LTC ) is showing signs of gearing up for a significant move. As of this writing, CRYPTOCAP:LTC is up 4.19%, trading within a tight rectangular pattern, a sign of indecision among traders despite the coin's recent gains. However, Litecoin ( CRYPTOCAP:LTC ) is forming a bullish symmetrical triangle on the daily chart, a classic technical indicator that often precedes a strong breakout.
This potential breakout could be triggered if CRYPTOCAP:LTC breaches the triangle’s upper resistance, which aligns with the pivotal price point of $75. If Litecoin ( CRYPTOCAP:LTC ) manages to break above this key level, it could ignite a renewed bullish campaign, with the next significant price target set around $100. Given that Litecoin's all-time high (ATH) was $412.96 in 2021, a return to those levels could represent a substantial upside for investors.
Fundamental Catalysts
In addition to the technical indicators, fundamental factors could further drive Litecoin's price upward. The filing of the ETF proposal adds legitimacy to Litecoin’s role in the broader crypto ecosystem. Furthermore, as interest in digital currencies continues to rise, an approved ETF could increase demand for CRYPTOCAP:LTC , attracting both retail and institutional investors.
While Litecoin ( CRYPTOCAP:LTC ) has lost some of its luster compared to newer blockchain projects, it remains a solid, reliable asset with a strong track record. The combination of technical signals and the potential for regulatory approval makes Litecoin a cryptocurrency to watch closely in the coming months.
Conclusion
The Canary Litecoin ETF filing has already generated significant excitement among investors and could mark a turning point for $LTC. With a strong technical setup and bullish fundamentals, Litecoin ( CRYPTOCAP:LTC ) seems poised for a significant rally if the ETF gains approval from the SEC. For long-term holders and traders alike, Litecoin’s resurgence could be one of the major stories of the upcoming crypto cycle.
LTCUSD: Strong Bullish Momentum with 68.87% Probability for TP1!I’m optimistic about Litecoin (LTCUSD) right now, and here are some compelling reasons to consider this trade:
- Market Recovery: The overall cryptocurrency market is bouncing back, with many coins, including Litecoin, showing positive price movements after recent dips.
- Growing Adoption: More people and businesses are starting to use cryptocurrencies for transactions, which could increase demand for Litecoin.
- Tech Improvements: Litecoin is undergoing updates that make it more efficient and user-friendly, attracting more interest.
- Positive Sentiment: Many analysts are optimistic about the future of cryptocurrencies, suggesting that prices could continue to rise.
To get positioned for long trades on LTCUSD, I rely on probabilities based on historical data in a mechanical trading system.
In short, my bullish outlook on LTCUSD is supported by strong market fundamentals, and by using probabilities from historical data, I aim to position myself effectively for potential long trades.
Please share your ideas and charts in the comments section below!
12M:
2W:
6H:
LTCUSD Will Go Up! Long!
Please, check our technical outlook for LTCUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 64.86.
Taking into consideration the structure & trend analysis, I believe that the market will reach 71.34 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour.
All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal.
Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles.
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Litecoin — ATH scenarios for 2024 and 2025Often referred to as "the silver to Bitcoin's gold," COINBASE:LTCUSD is the 2nd-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, and engineered for fast, secure and low-cost payments.
The next LTC halving is expected to happen on August 2023.
Litecoin - LTC Free Fall to $60 ??Although Litecoin did not make the Top Altcoins for 2024 list - it is an old timer. And by this, I basically mean that it can (and will) still be traded.
From the 4h, we see some beautiful swings that can be very profitable trades, with the right entry points.
It seems the entire market is turning down following BTC. This however, could result in some good entry points and lower buying orders being filled. Getting in at the RIGHT price is one of Warren Buffet's key investment strategies. Find out more on that, here:
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BINANCE:LTCUSDT
LTC ANALYSIS (4H)LTC appears to be within a large corrective pattern such as a diametric or an expanding triangle.
If we look at LTC in more detail and refer to the hourly time frames, we see two liquidity pools at the top and bottom of the chart (which we denote by $$$).
The best range for the sell/short position is the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
LTCUSDT Breaks Resistance with Volume Surge: Is $100 Next?LTCUSDT has decisively broken through resistance with impressive trading volume, signaling a potential surge in the coming days. With momentum building, can LTC surpass its previous highs? The outlook is positive, and we're anticipating a move towards $100 soon.
Currently, it's facing minor resistance at the 200 EMA. Keep an eye on market trends and adjust your strategies accordingly, as this coin shows strong potential for upward movement!
LTCUSDT Currently trading at $70
Buy level: Above $69
Stop loss: Below $59
TP1: $76
TP2: $85
TP3: $100
TP4: $112
Max Leverage 3x
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Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
12M:
2W:
1H:
Feel free to share your thoughts and ideas in the comments below!
Litecoin LTC price "keeps up"In 2016-17, 2019, and 2020, CRYPTOCAP:LTC was among the first to roll out the alt-season.
Of course, #Litecoin is “not the same” anymore, and many newcomers to the crypto market and fans of “hamsters” do not even know how much CRYPTOCAP:LTC "to do" for the global development of crypto. He was proudly called “silver” right after the golden CRYPTOCAP:BTC
🔝 And yet, the OKX:LTCUSDT price is holding up well, volatility is reduced, is it really preparing for something “big”?
Do you believe that the #LTCUSD price can reach $190-220 again?)
LTCUSD / Lite coin Bullish Robbery plan tp steal the moneyMy Dear Robbers / Traders,
This is our master plan to Heist Lite Coin LTCUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
LTCUSD / REMAIN BELOW TURNING LEVEL - 4HLTCUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 68.30 .
Turning Level: The price is currently trading below this level around 68.30 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 73.17 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 68.30. If the price reaches 73.17 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 76.44 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 79.83 .
Support Level (1): As long as the price remains below the turning point of 68.30, it suggests a drop towards 61.62 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 57.61 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 52.93 .
Channel Trend: the trading rate within the descending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 73.17, 76.44 , 79.83 .
SUPPORT LEVEL : 61.62 , 57.61 , 52.93 .
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 .
Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 .
TARGET LEVEL :
RESISTANCE LEVEL : 65.88 ,68.41 .
SUPPORT LEVEL : 49.77 , 47.45 .
LTC/USD LiteCoin Market Robbery Plan on Bullish DirectionMy Dear Robbers / Traders,
This is our master plan to Heist LTC/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
LTCUSD Will Go Lower! Sell!
Here is our detailed technical review for LTCUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 58.45.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 54.04 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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