LTCUSD
LTC: If we rally we sell!Litecoin
Intraday - We look to Sell at 64.17 (stop at 65.51)
64.17 has been pivotal. 64.45 has been pivotal. The previous swing high is located at 64.67. Preferred trade is to sell into rallies.
Our profit targets will be 61.02 and 60.62
Resistance: 60.00 / 62.50 / 64.00
Support: 58.50 / 57.00 / 56
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 can rise above 70Since the 40 low made in mid-June, Litecoin has started to rise and made a high at 65.
For a month now the coin is trading in a range between that high and a low at 52 and with the lifted pressure from the crypto market this range can be broken to the upside.
In my opinion, dips under 60 should be bought in anticipation of an upbreak and continuation of the recent up reversal.
Bulls can target the resistance above 70 and negation of this scenario comes with a drop under rectangle's support
LTC/USDT :: I wish to be a LTC in the next world !LTC/USDT :::
_ Yellow channel :: current movement .
_ Red channel :: If the yellow channel is broken, it will move towards the roof of the channel .
_ Pay attention :: the ceiling of the red channel and the bottom of the blue channel both show the same price range .
_ Blue Channel :: A large and strong channel that is broken and its bottom creates strong resistance .
_ Green channel :: Playground .
Litecoin benefits from doallr weaknessIntraday
We look to Buy at 57.36 (stop at 56.09)
Short-term momentum is bullish. Short-term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips.
Our profit targets will be 60.75 and 61.65
Resistance: 61.00 / 62.00 / 63.00
Support: 60.00 / 59.00 / 57.50
LTC: Buy dips!Litecoin
Intraday - We look to Buy at 57.36 (stop at 56.09)
Short term momentum is bullish. Short term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips.
Our profit targets will be 60.75 and 61.65
Resistance: 61.00 / 62.00 / 63.00
Support: 60.00 / 59.00 / 57.
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 -8/9/2022-• Symmetrical triangle on daily chart
• Breakout could be in either direction
• Target distance from breakout point is distance between highest and lowest point in the triangle
• 30 in this case (69.86-39.86)
• Triangle is shrinking so we are close to breakout
• Scenario 1: bearish breakout around 50 +/-, target is 20 +/-
• Scenario 2: bullish breakout around 60 +/-, target is 90 +/-
Note: Ideally, volume tends to decrease as the triangle shrinks and get close to breakout. So I added a volume indicator below the chart to highlight this idea.
Advice: It is recommended not to rush and place orders before getting clear confirmation of a successful breakout. Keep in mind that breakouts can sometimes be fake.
LTC: Buy dips!Litecoin
Intraday - We look to Buy at 52.41 (stop at 51.17)
We are trading at oversold extremes. Trend line support is located at 52.00. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 55.88 and 56.68
Resistance: 55.00 / 56.00 / 57.50
Support: 53.00 / 52.00 / 51.00
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: Long at supportLitecoin
Intraday
We look to Buy at 57.41 (stop at 56.19)
Previous resistance level of 57.50 broken. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 60.39 and 60.99
Resistance: 60.00 / 61.00 / 62.00
Support: 59.00 / 57.50 / 56.00
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LTCUSDMomentum: Buying and selling pressure traded in the range of $58/coin – $65/coin. The price broke through the $58 resistance area on a very high volume.
Action recommendation: Buy at the current price zone. The liquidity of sellers has not improved yet.
Target: investors might consider Sell at the current price range of 60-59$.
Stop loss 57$. Short-term target $62/coin The next target to take profit is at $65/coin.
LTCUSD Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Litecoin Macro
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Website: litecoin.org
CoinMarketCap: coinmarketcap.com
Founder: twitter.com
Social Link #1: twitter.com
Social Link #2: twitter.com
Random Facts:
Litecoin is a fork of Bitcoin. With '4x' times more supply.
Litecoin has a feature that allows share mining with Doge.
Dash is a fork of Litecoin.
Halving dates for Litecoin:
Aug. 25, 2015: 50 to 25.
Aug. 5, 2019: 25 to 12.5.
Aug. 23 (guesstimate), 2023: 12.5 to 6.25.
Notes:
Litecoin paired against Bitcoin is in a trading range, and is attempting to reclaim the range currently.
The deviations were the same duration, and volume signatures. The time of the H&S distributive pattern was the same duration as the start of the BDW accumulation pattern, before the deviation begun.
This is DOGE 2.0.
Litecoin Macro
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Website: litecoin.org
CoinMarketCap: coinmarketcap.com
Founder: twitter.com
Social Link #1: twitter.com
Social Link #2: twitter.com
Random Facts:
Litecoin is a fork of Bitcoin. With '4x' times more supply.
Litecoin has a feature that allows share mining with Doge.
Dash is a fork of Litecoin.
Halving dates for Litecoin:
Aug. 25, 2015: 50 to 25.
Aug. 5, 2019: 25 to 12.5.
Aug. 23 (guesstimate), 2023: 12.5 to 6.25.
Notes:
Litecoin paired against Bitcoin is in a trading range, and is attempting to reclaim the range currently.
The deviations were the same duration, and volume signatures. The time of the H&S distributive pattern was the same duration as the start of the BDW accumulation pattern, before the deviation begun.
This is DOGE 2.0.
✅TS ❕ LTCUSD: area of the resistance✅✅LTC is in the area of the resistance level. The price has already begun to form a reversal. It is possible to fall to the support level.✅
🚀 SELL scenario: short to 58.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LTCUSDRSI: Overbought K and D crossing down
MacD: Top side
Candle Analysis: Potential sign of weakness where the arrow is at. Bearish candle with wick at top. Above average bull volume. Price could push a bit higher. However, buying pressure could be exhausting a bit.
Target: Looking for 38% to 61% retracement of the previous low where the mac d last had its crossover.
Not advice!
Litecoin LTC - A new bull market started! | Elliott Wave
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished!
This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings.
Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside.
Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout!
The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern.
The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see!
The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week).
For more analysis, please hit "Like" and "Follow"!
LTC weekly time frameLitecoin looks like it has potential for an amazing swing trade opportunity. Let’s take a look.
On the weekly time frame we have the over head and lower trend lines with 2 touch points each.
We have our yellow large time frame fib and our white shorter time frame fib.
Lastly we have our red box of resistance which was drawn on the monthly time frame which has acted as both resistance and support in the past.
LTC looks awfully bottomed out and would expect the red box of resistance to be retested which also lines up with the yellow .236 fib level around 125-130. From current price to 125 is a beautiful risk to reward setup. But LTC has many hurdles to over come and if we don’t blow through 125/130 levels then I’d expect that area to be a area to get a big rejection.
Trade with caution traders. All eyes are on big brother BITCOIN.
What’s everyone think?
LTC: If we rally we sell!Litecoin
Intraday - We look to Sell at 57.86 (stop at 60.24)
The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 58.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 52.14 and 50.00
Resistance: 58.00 / 66.00 / 80.00
Support: 52.00 / 44.00 / 20.0
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/USD Critical Support at 52.30!• The broken uptrend line was retested by LTC/USD, as seen on the H4 chart, and it is now challenging the median line of the descending pitchfork.
• The 52.30 former low is a significant downside barrier. As you can see, the rate only recorded false breakdowns during the most recent attempts. A larger drop might be rendered invalid by maintaining above 52.30 and setting a new higher high.
• "Keep it Simple!", Good Luck!