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LiteCoin getting ready for a new ceiling test...This is on a 1month data range. Following yesterday's test of the ceiling, we can observe a new base has been sate (the grey line) as well as a short term ceiling (the upper grey line) causing a channel pattern. The trend seems to be pointing out another test of the ceiling, and if the trend has enough momentum it will be able to cross its and maintain its new positions with a new all-time high of 200$. This move, if successful will be enough to bring LiteCoin to the 200$ mark by tomorrow. In case the trend fails and is not able to break over the ceiling the price could plummet to 155$ and in the worst-case scenario (based on the overall longer-term trend depicted in the chart as the upper and lower purple lines) the price could drop to a price level of 125$-120$ Interesting stuff!!! (THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.) As always: "Past performances do not guarantee future returns"
Long
by luisco98
LTC - 4h. Below $178 sellers will start the correction.The wave of rising LTC prices on January 27 gave LTC investors the opportunity to take 75% of the price movement. Buyers have managed to break the critical range of $178.5-181, but we are not sure that they will have enough strength to hold it. This range is importan t because it started a powerful wave of falling LTC prices on January 10. By the way, the goal of our previous idea was achieved: Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market . The first target in this scenario is the range of $145-150 . The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124. However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices P.S. our global idea: _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics! .
by P_S_trade
17
THE EPIC SILVER SQUEEZE OF CRYPTO I hope everyone is doing amazing I wanted to share this perfect and beautiful chart. A little about my self I have been trading crypto and don't enjoy publicity but I do love charts and what we have today is an amazing HUGE! BULL FLAG! Not only is it a bull flag it's a bill flag with a double bottom reversal with a limited supply of beautiful SILVER MOON BALLS! With everything on this chart SCREAMING to of an Epic Bull run that will surely be recorded in Crypto History. I have been a fan of LiteCoin for many reasons and let me tell you that this with only 84 million coins ....... Dropping the Mic... Enjoy
COINBASE:LTCUSD
by stuartqueiroz9
1
LTCUSD Outlook for Feb - Mar 2021So you have been HODLing your LTC since $40-70 USD? Wondering why LTC hasn't seen the same meteoric rise as other cryptocurrencies? LTC keeps on forging ahead! Litecoin network upgrade underway Litecoin is bringing some major changes to its network. Initially proposed in 2018, the MimbleWimble protocol will enable Litecoin to offer increased privacy to its users. The protocol will allow Litecoin to have an added feature of private and non-interactive transactions. The lead developer of the project has revealed that major development has been made in the program implementation. The code of the protocol is all set for review in March . Litecoin, one of the largest cryptocurrencies, has lacked privacy, which has acted as a hurdle for the cryptocurrency is gaining more popularity. A new proposal has also been made to Litecoin. MingleJingle is the updated version of MimbleWimble. The developer behind MingleJingle is the same as that behind Monero. LINK to ORIGINAL LONG HOLD
BITFINEX:LTCUSDLong
by Vincent68
2
My love and personal plan for LitecoinHey folks, I'm sharing my plan for LTC First I'll go into why I'm holding for the long term and then I'll dive into my thoughts of the current markets and my short term set up. First let me state Litecoin is one of my absolute favorite ALTs. I've held a position in LTC since the 55$ level. LTC doesn't typically get the hype/attention (or growth) like BTC or ETH but I believe it still has tremendous potential. Why? Well gather 'round kids. It's appealing to the new investor with the all too common "unit bias" issues with BTC. It has practical uses, speed, support and a generous but limited supply double that of BTC. While many coins have approached and surpassed their ATH, LTC has not So new Litecoin investors will be happy to find themselves "in" early. LTC is 140$ currently and that is still LESS THAN HALF of its ATH from $360 in 2017. People looking for a little less volatility and a little more sustained growth I think will find the community and supporters of Litecoin with open arms. And I only hope that LTC won't come prey to these pump n' dump scams although.. it's a very real probability. In this case I would stay very vigilant with dynamic stop losses as it goes parabolic. To be honest If I see an enormous and quick rise in LTC I would likely transfer the position over to bitcoin as the LTC/BTC market spikes for safe keeping rather than back into USD. Now will LTC hit $360 this month?!? Perhaps, but imo it's doubtful. But will it hit it's ATH gradually over this year or the next?!? Well now we can start taking some small, but meaningful longs as the dips allow. Slowly, but surely increasing positions and generating money that works for you rather than explodes and vanishes.... I know DCA isn't the most exciting thing, but it works very well over time. Now for the short term. Currently Litecoin is trading at 140$ trying to push out of its weekly channel. If LTC rejects the 150$ level I expect it to continue to oscillate between the $148-120 parallel channel pictured. If my time allows I would sell partial positions to try and buy back in at the support. But I do plan on holding 85% of my coins as day trading these levels could prove profitable however missing the breakout could negate these trades... The support it holds at the $115-120 area is over a month long and well tested. Dips into these areas push me to further my long position in small increments. Multiple candles below the $115 mark would to me signify a larger push down to about a $100 and even less. I do not think this will be the case near or long term however it never hurts to be prepared. My stop loss hovers near the 100$ mark which would still about double my initial investment. These are my personal viewpoints and they remain flexible. I hope you found them just a bit informative. Cheers & Stay safe friends. -Bruce
COINBASE:LTCUSDLong
by goodluckbruce
Litecoin (LTC) This Will Be A Big Chain Reaction Of Bull RunHey friends, hope you are well and welcome to the new update Litecoin. Support and resistance levels: After getting rejected by $170 resistance now the price action is breaking down the $140 support. The next support is at $110. Up-trend line support: The priceline of LTC has found good up trendline support on the 2-day chart and testing this support at the moment. At the same support level, there are also exponential moving averages 10 and 21 supports. Down channel: On the weekly chart, the LTC with BTC pair has formed a down channel and the priceline is at the support of this channel at the moment. There are 25 and 50 simple moving averages resistance levels above the priceline. Shark Move: The priceline has completed a Shark move on the weekly chart and entered in the potential reversal zone. A bullish Butterfly move: If we zoon out the same weekly time period chart, then the price action has completed another bullish harmonic bullish Butterfly move. The final leg is retraced up to 1.269 Fibonacci level whereas we need a retracement up to 1.27 so there is a difference of 0.001 Fib level. Therefore it is possible that the price line may drop a little down and then start a powerful rally to the upside. Big BAT move: On the very long-term 2-month chart the price action has completed a big BAT pattern and entered in potential reversal zone: Conclusion: The price action has formed a small shark then a big butterfly and then the biggest BAT harmonic moves. Therefore there can be a big chain reaction started that will lead the price line to set a new high.
Long
by moon333
3
LTC 12h Small correction up, and then down to $100Today's idea is to analyze the movement of the LTCUSDT price on a shorter timeframe within the framework of our global idea. We recommend that you re-read it now , and then come back here. Two weeks have passed since the publication of the global idea, and what do we have? Now our expectations are being met and the LTCUSD price did not go above $168-170 , the high was $166, after which the price move down. The most positive scenario for LTC that we see now is growth to $149-150. After that, most likely, the price will move down to test the first liquidity zone of $97-100. We have schematically showed the approximate price movement in the LTCUSDT pair for the next six months in a global idea , so like and comment , so that it will always catch up with you and remind you of itself. And we will publish corrective ideas similar to today's one as the LTCUSD price moves. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
4