LTCUSD IDEAThe chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement.
I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July.
Let me know what you see?
Ltcusdlong
#LTCUSDT 50% Potential Rally Ahead! Bounced from Golden Pocket!
#LTCUSDT:- Probably one of the best-looking alt in multiple tf.
Seen some profit booking after the recent pump.
$199 level is the Golden pocket (.618 fin level) area and an important support level.
It's great anywhere between the $190 to $220 area!
I will be accumulating between these levels.
Must continue its rally towards $300.
I have two possible scenarios in mind which I've drawn in the chart. Please observe!
Invalidation will be a close below $178.
Do hit the like button and share your views in the comment section.
Thank you
ltcusd longSo far it looks like we've gone from greed to fear in 3 days on the bitcoin fear greed index.
We also have a giant hidden bullish rsi divergence on the 6 hour.
Bouced off $200 support
Macro outlook looks unchanged the DXY is dropping today, SP500 is like $2 off the all time highs.
This definitely looks engineered by whales to take your coins. The bullish narrative hasn't changed.
In Lite of a consolidation LTC/USD has returned to the .618 golden fib ratio at 219 USD
Confluence in the form up uptrend support and the liveliness of altcoins such as ALGO bodes well for a tailwind among other big caps; such as, Litecoin and Chainlink.
Anticipating a bounce up to 250USD to grab some liquidity before the next pullback
1ST SUPPORT: 218
2ND SUPPORT: 202
1ST RESISTANCE: 250
2ND RESISTANCE: 265
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Litecoin, buy or sell?BITFINEX:LTCUSD
If Bitcoin is the analogy for "gold", Litecoin is the analogy for "silver", now the fundamentals of the Litecoin suggest to buy or sell? My latest research shows that the Litecoin factor can explain 88% of the the logarithm of Litecoin price.
The Litecoin factor indicator is calculated by Litecoin fundamental factor, it can reflect how much of the Litecoin price is supported by the fundamentals.
The green line is the Litecoin factor in the chart, the trend of it are in conformity with the price.
the orange line is the correlation coefficient between the Litecoin price and the Litecoin factor in the 8 years, its value in November 16, 2021 is 0.86, shows that the Litecoin prices are mostly by the Litecoin factor influence.
Yellow line is Litecoin forecast price, the Litecoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 8 years logarithmic Litecoin predicted price, which represents the prediction accuracy, the value of 88% on November 16, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 0.8, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 16, 2021, the factor indicator of -0.82, is near of -1, shows that the Litecoin price is near of the trough.please pay attention to the buying chance.
Do you think you should buy or sell Litecoin now? Please comment, we communicate each other.
LTCUSD Nowhere to go but UPThe convergence of circles puts Litecoin in a very awkward spot, in which price needs to go somewhere, so naturally it moves up out of the wedge the circles have placed the price within
This is on the point of a very large major trendline, which is also a very good bull sign
LTC to the moonLTC has bounced up from support @ 259.5 using Aspen Trading Support & Resistance Levels.
It has moved closer to the resistance level of 287.5 and a move above this level can lead to further upside.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
Litecoin / Dollar 🔥 on daily chart🚀Hello - hello! How are You? I'm fine😉 BTW, Litecoin is one of my favorite coin, did You know that?
Its main feature is that (until today) it is growing more slowly than it is falling🤣🤣🤣
But I continue trading it and believe in it💪 Don't tell me it's a dead coin!🤫
And the meme is relevant🤣
Thanks for staying with me
Always sincerely Yours
Rocket Bomb🚀💣
Litecoin | $270 and $330 - maybe tomorrow?👋Hello Traders!
📈 # LTC formed a strong upward pattern "Triangle" (MN1 and W1). Today it broke the first level of $215. To move towards his goals of $270 and $330, he needs to break through the last level of $232.
Who buys with us? 🙃
✅ If you like what I do - put 👍 and subscribe ❗️
❓ I would be glad to see your comments, what do you think about this?
DISCLAIMER:
This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
Litecoin- Possibility of 30% riseAfter confirming 140-150 zone as strong support, Litecoin has risen also in October and has reached 200 zone resistance.
A correction followed and new support was formed at around 175
At this moment LtcUsd is trading again in 200 zone resistance and a break looks imminent
As long as 175 support is intact I'm looking for higher prices and 260 resistance is my target