LTCUSD
LTCUSD Potential for Bullish Continuation | 22nd July 2022On the H4, with price moving in an ascending trendline and above ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 54.94 where is in line with the 50 % fibonacci retracement and 78.6% fibonacci projection to the take profit at 61.8, which is in line with the swing high support. Alternatively, the price may break the support structure at the buy entry and drop to the stop loss at 51.12, which is in line with the pull back support and 127.2% fibonacci projection .
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LTCUSDWe could be getting setup for an abc wave. I marked to 61% and 161% retracement levels to see if the levels run true. I also put a stop loss at the start of the "c" wave in order to make price prove its validity. We are at a level where bears start to fight harder. Let's see what happens over time! It's also good to see some small wick rejection of the 50 HMA.
What do you think? You like the shoes? Trying something different!
Litecoin: Scope for further bearish pressureLitecoin - Intraday - We look to Sell at 59.29 (stop at 61.89)
Continued upward momentum from 46.31 resulted in the pair posting net daily gains yesterday. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Broken out of the channel formation to the downside. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Our profit targets will be 52.77 and 50.00
Resistance: 59.22 / 61.80 / 65.43
Support: 55.16 / 54.41 / 52.76
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTCUSD Potential for Bullish Continuation | 21th July 2022On the H4, with price moving in an ascending trendline and above ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 54.94 where is in line with the 50 % fibonacci retracement and 78.6% fibonacci projection to the take profit at 59.41 in line with the swing high support. Alternatively, the price may break the support structure at the buy entry and drop to the stop loss at 51.12, which is in line with the pull back support and 127.2% fibonacci projection.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LTCUSD ❕ price held supportLitecoin broke through the downtrend line.
The stock is moving in a narrow uptrend channel, near the lower boundary.
Trading volumes remain high and the price has held the support level.
The 50MA has broken up the 200MA on the 4H Timeframe.
LTC has fixed above the 50MA on the 1H Timeframe.
I expect that the price will continue to rise after fixing above the resistance level, but further price movement will depend on the reaction to the first target.
LTCUSD Potential for bullish momentum | 19th July 2022On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that prices will rise to buy entry at 60.50 where the overlap resistance and 161.00% fibonacci extension are. Once there is upside confirmation of price breaking entry structure, we would expect bullish momentum to carry price to take profit at 66.46 where the swing high resistance and 100% fibonacci projection are. Alternatively, price could drop to stop loss at 55.03 where the pullback support, 38.2% fibonacci retracement and 61.8% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Litecoin - LTC Could +300% 🚀Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
With this chart, I propose my trading idea with a potential of 300% profit for Litecoin / LTC / LTCUSDT . Currently, we're trading at the accumulation phase of the Wyckoff Method. This means that there may be multiple buy opportunities at low prices until a clear bottom is established (when the majority of investors decide that they are not willing to buy lower than a certain price). In other words, I'm not stating that the price will go up 300% straight from here - however, if you accumulate some LTCUSD here and you're patient enough to wait for targets and trade according to a plan, there exists the potential for 300% profit.
1st Take Profit point:
2nd Take Profit point:
3D Take profit point:
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Litecoin is boomingLitecoin
Intraday
We look to Buy at 55.28 (stop at 53.17)
A sequence of intraday higher highs and lows has been posted. We can see no technical reason for a change of trend. We look for a temporary move lower. Support is located at 55.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 59.94 and 62.00
Resistance: 60.00 / 80.00 / 100.00
Support: 55.00 / 48.00 / 25.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTC LITECOIN USD : UPDATE LITECOIN STILL ON TRACK TO $10KLIKE, AND FOLLOW IF YOU APPRECIATE THIS CONTENT. COMMENT BELOW AND LET ME KNOW WHAT YOU THINK, THANK YOU.
I did a chart on Litecoin a while back showing my target of $10k with many reasons fundamentally why it will happen. This chart is on the 8 month timeframe and its a pretty nicely formed bullish pennant. Whether its a pennant or a bull flag some may argue, it doesnt matter the measured move of the pole will still bring it to $10k. Sounds ambitious? Well go back and see what kind of moves Litecoin has made in the past. I believe that the hyperinflation event coming up for the USA will trigger this type of price action and not just for Litecoin but for the rest of the crypto space as a whole as people bail out of traditional markets and fiat and try to preserve their wealth while the USA resets its currency. @without_worries posted a chart similar but his target is about $5k. Our reasoning is the same on why this price will be reached. This is not trading or financial advice this is just my opinion. Thank you and good luck out there.
Litecoin will come down towards the $45.00 levelLitecoin has found support just above $45.48, with several green triangles on the KRI confirming support. The Kovach OBV is still bearish, but we have inched back up to the midpoint of the range between $45.48 and $50.64, the latter a definite ceiling for current prices.
LTC: Sell all rallies!!Litecoin
Intraday - We look to Sell at 51.40 (stop at 54.40)
Our short term bias remains negative. The trend of lower highs is located at 51.40. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies.
Our profit targets will be 40.35 and 35.00
Resistance: 51.40 / 53.98 / 56.14
Support: 46.41 / 41.60 / 40.30
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Litecoin: The bias remains bearishLitecoin - Intraday - We look to Sell at 51.40 (stop at 54.40)
Our short term bias remains negative. The trend of lower highs is located at 51.40. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies.
Our profit targets will be 40.35 and 35.00
Resistance: 51.40 / 53.98 / 56.14
Support: 46.41 / 41.60 / 40.30
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTCUSD ❕ trying to stay in the channelTrading volumes show declining interest for further decline.
The BB indicator shows that the asset is oversold (4H TF)
TD Sequential has formed a reversal signal upwards (4H TF)
Price moved out of oversold zone on RSI (1H TF)
I expect LTC may start to correct if it holds in the downward channel.
lagging coincan't remember what was the thing back in 2013 when we pumped to 55 but fontas was giving 1 ltc to every user that pasted an address on btc-e trollbox. good old btc-e days. the 2017 pump was well pushed with segwit with some panic around signaling. think we can expect a similar thing this year, price will be pushed with new interest, mostly investors and of course mumble hype. it took ltc 1316 days to retest 2014 top, similarly ~1211-1250 days to retest the 2018 top. if the top-to-top timeframe of 211 bars is true, top could be reached in late 2021. these charts seem to have some time relation. adx and vfi showing similar condition as in mid 2017. some charts are showing august as a time of changes. we can expect btc bulls to make some traps before entering blowoff phase. longterm, the next strong push above 1000 usd might not be the whole story, re-evaluate once it happens. keep in mind ltc top 100 addresses are holding 50% of all ltc while on btc this number is somewhere around 15% showing ltc is more centralized in means of coin distribution. ltc usually blows off after big ones do. this should have been ltcbtc chart. ride safe.
alt for alt swaptime has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this could be an interesting ride. finally if btc ever decides to implement mweb, this could be a great reason for governments and financial institutions to tighten checks where fiat to crypto or vice versa exchange is involved, since bitcoin would allow more private transactions. past year, many european countries have received eu directives to forbid legal entities to trade with privacy coins such as monero, zcash and other. if btc gains this privacy solution some time in following years, governments could make legal entities to require documents upon any crypto exchange. at this time we could expect higher p2p trading and new p2p exchanges to allow people advertise and exchange without any 3rd parties. unless cbdc decides to destroy bitcoin core and reinvent the wheel. stay safe, hard times could be coming.