Is Litecoin Forming an Uptrend?- LTC has formed a head and shoulders pattern, I predict for the week of July 11 to July 16 #LTC to cross $65
- Chart analysis from November 2021 to July 2022: #LTC broke out of the Triangle pattern and is in a slight uptrend
- From January 2022 to July 2022 #LTC runs in a flag pattern, if LTC approaches $65 will touch the upper edge of the bullish flag, there is a possibility that #LTC will officially reverse.
LTCUSD
LTCUSD ❕ trading in rangeLTC is moving in the liquidity zone and is now aiming for the lower limit, but there are too many arguments against it.
BB indicator - we are in the middle of the channel after overbought (4H TF)
200MA acts as support (1H TF)
TD Sequential - an upward reversal is formed (1H TF)
Main MAs - bullish sentiment (30m TF)
BB indicator - oversold (30m TF)
TD Sequential - an upward reversal is formed (30m TF)
The price is above the liquidity.
LTC declines on declining trading volumes.
I expect that if LTC holds the support level and 200MA at 1H Timeframe, then we will continue the rebound.
LTC: No relief for crypto yet!Litecoin
Intraday - We look to Sell at 55.14 (stop at 56.15)
Previous resistance located at 55.00. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Choppy price action seen. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 55.00, resulting in improved risk/reward.
Our profit targets will be 52.72 and 41.01
Resistance: 55.00 / 58.50 / 74.00
Support: 50.00 / 44.00 / 41.61
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.
After calling the low in #Litecoin back in June 4th to $40...
we are due a nice rally
Back to the old funnel area of $65
After first calling a break to $80
and then the (most likely) final bearish continuation patterm
I am no longer bearish!!!
And I am currently long #Litecoin
avg entry price $50.61 via futures contracts
✅TS ❕ LTCUSD: wave of correction✅✅LTCUSD is moving in a wave of correction and now the price has broken out of the channel and looks ready to grow.✅
🚀 BUY scenario: long to the resistance level.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Litecoin LTCBTC - Falling wedge + New bull market! +Elliott Wave- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge!
- Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see.
- Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even higher.
- LTCUSD pair looks strong compared to bitcoin last week, so we can really experience a huge uptrend.
- We have a huge volume spike as you can see on the indicator!
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
Ltc new update1. Trend line standard price not fall below
(this sinc this month will pull green candle)
2. This trend line is spike so this month
will be 28 range.
(after that will pull back to 50range )
3.ltc never reach 24 below this idea..
Last level 23
Previous year 26
Now except 33 ????
Thanks
Aslam
LTC: Remains bearish!Litecoin
Intraday - We look to Sell at 50.54 (stop at 52.28)
A bearish Head and Shoulders has formed. Expect trading to remain mixed and volatile. A move through bespoke support at 49.60 and we look for extended losses. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 44.02 and 41.01
Resistance: 55.00 / 58.50 / 74.00
Support: 49.00 / 44.00 / 41.61
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 symmetrical triangle Past trading idea + 313%in an uptrend, a symmetrical triangle with a base of 100% has formed. The price is squeezed into a corner. There is a huge probability of a breakdown of the descending trend resistance of the triangle.
Past trading idea.
The entry point was shown (publication of the idea) just before the reversal of the downtrend. With the breakdown of the resistance of the big triangle, profit at the moment is + 313%
LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.
Also note that in the Litecoin / Bitcoin trading pair, the price is close to the support of the horizontal channel of accumulation and historical lows of the price. Great potential.
Litecoin looking lowerLitecoin
Intraday
We look to Sell at 49.96 (stop at 52.06)
A bearish Head and Shoulders is forming. We look to set shorts in early trade for a further test of the fragile looking support. A move through bespoke support at 50.00 and we look for extended losses. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 44.02 and 41.01
Resistance: 55.00 / 58.50 / 74.00
Support: 50.00 / 44.00 / 41.61
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.
Litecoin sitting on ghost supportLitcoin has a grind down that hasn't stopped, this flush out is extremely necessary to find out where in the world there is support which is why somewhere between $10 and $2.50 is a good idea to dabble in. I don't know what this is other than a fork of Bitcoin but it's on CNBC and retail will probably pile in once it's cheap enough.
LTC: If we rally we sell!Litecoin
Intraday - We look to Sell at 54.83 (stop at 56.60)
The primary trend remains bearish. A bearish Head and Shoulders is forming. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Further downside is expected although we prefer to sell into rallies close to the 55.00 level.
Our profit targets will be 50.49 and 49.00
Resistance: 55.00 / 70.00 / 100.00
Support: 50.00 / 40.00 / 20.00
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 looking towards the 61.8% Fib? Litecoin
Intraday
We look to Sell at 54.63 (stop at 55.69)
A bearish Head and Shoulders has formed. We have a 61.8% Fibonacci pullback level of 54.82 from 57.00 to 51.30. The hourly chart technicals suggests further upside before the downtrend returns. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 51.30 and 47.51
Resistance: 54.50 / 58.50 / 74.00
Support: 51.30 / 50.00 / 41.61
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 ❕ from boundary to boundaryLitecoin is moving in an upward channel between two liquidity zones.
Trading volumes are declining.
Price is above large liquidity and testing a strong support level.
50MA has broken down the 100MA (30m TF)
Price has broken down 50MA (1H TF).
TD Sequential indicator has formed a reversal signal down (1H and 1D TFs)
Price and RSI formed a bearish divergence (1H TF)
I expect that the price in the hunt for liquidity may now dip to the lower boundary of the channel after fixing under the support level.
✅TS ❕ LTCUSD: reached the resistance✅✅LTC has reached the resistance level. I expect a bounce down.✅
🚀 SELL scenario: short to 55.3.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LTCUSD Expected Outcome: 19.78% IncreaseLTCUSD (Litecoin) Trend Line has four or more touches. Price closed above trend line and retested trend line with rejection candlestick. Entry at closing price of rejection candlestick.