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LTCUSDT trade ideas

Litecoin - DON'T miss this SECOND CHANCE on LTC📉Hi Traders, Investors and Speculators of Charts📈 Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April . So far, we're starting to see what looks like a pullback across all crypto's. BTC corrected from 48k to 41K, and currently the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts. The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over. For the near term, I'm expecting LTC to trade range between the upper resistance and lower support as pointed out on the chart. This is a great re-accumulation zone, incase you missed the first one. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD KUCOIN:LTCUSDT
Long
by CryptoCheck-
8
The last bullish chance of LTCUSDT in Mid term! Litecoin is currently perceived as being in a full buying zone, indicating that the market conditions suggest it's a favorable time to consider buying LTC. This assessment might be based on various factors such as technical analysis, fundamental analysis, or a combination of both. Traders often look for specific price levels, patterns, or indicators to determine buying zones, which could include support levels, oversold conditions, or bullish signals. You mentioned a significant area of investor interest or buying activity between $77 to $79. This range is considered crucial because it represents a block area where substantial buying orders are expected to be placed. Identifying such key levels can provide insights into potential price movements as they may act as support zones where buying pressure could increase. You've set seven target prices, indicating that you've identified multiple levels at which you plan to take profits or partially close your position. Having multiple targets allows for a more nuanced approach to profit-taking and can accommodate different market scenarios. These target prices are likely based on factors such as historical price levels, technical analysis indicators, or psychological levels. Emphasizing the importance of managing risk is essential in any trading strategy. Risk management involves measures such as setting stop-loss orders to limit potential losses, position sizing to control the amount of capital at risk, and diversification to spread risk across different assets. By managing risk effectively, traders aim to protect their capital and minimize the impact of adverse market movements. Offering assistance in case of confusion demonstrates a willingness to support others and promote clear understanding. Trading can be complex, and it's not uncommon for traders to encounter confusion or uncertainty. Encouraging open communication and providing clarification can help ensure that traders make informed decisions and feel confident in their actions. In summary, your trading strategy for Litecoin involves identifying a buying opportunity, pinpointing key price levels, setting multiple target prices, emphasizing risk management, and offering assistance to address any confusion. By following these principles and staying informed about market developments, traders can enhance their chances of success in the cryptocurrency markets.
Long
by MOAZAM1133
1
LTC/USDT Price Movement ScenarioBelow is the price movement scenario for LTC. Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions. Looking at the trading volume profile, we see that market participants continue to act in line with the current trend, accumulating positions to support price growth. Currently, the asset is trading below the resistance level at $115.86, which can be considered as a potential entry point. It is expected that continued trading below this resistance level may lead to further strengthening of positions and subsequently to a breakthrough of this level. The target level at $297.70 can be considered as the next key level.
by Rick_SimpleSwap
LTC/USDT 8HInterval Chart ReviewHello everyone, let's look at the LTC to USDT chart taking into account the 8H time frame. As we can see, the price is moving above the local upward trend line. Going further, you can see the price fighting in a strong resistance zone from $102.33 to $115.12, when we break out of this zone, we can see an increase to the resistance level of $131.40. Looking the other way, you can see the first support at the level of $91.29, the next strong support is at the level of 77.73, and then it is worth defining the zone from $68.23 to $56, which previously held the price. Looking at the RSI indicator, we see that it is moving towards the upper limit, with room to make another upward move, but at this point it is worth being cautious before a potential rebound. However, the STOCH indicator bounces from the upper limit and subsequent raises result in a higher price movement.
by cryptodailyuk
LTC/USDT - Long term view | Buy now and HODL #LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern emerging in this bull run, indicating the potential for significant profits with this trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 102 Stop Loss: 62 ------------------------------ Target 1: 142 Target 2: 180 Target 3: 226 Target 4: 389 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading capital Leverage: 3x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo