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LTCUSD

Litecoin poking its head above the inverse h&s necklineAs I always reiterate, priceaction will often dip back down blow the neckline of an inverse head and shoulders pattern after the first time it breaks above that nckline, so you never want to get too overzealous about the initial neckline breach like we can see litecoin has jsut made on its inverse head and shoulder pattern. Probability is fairly good that I will have to readjust my measured move line slightly lower to wherever the real validation break of the invh&s neckline occurs, however there’s also plenty of examples where an asset has validated the invh&s breakout on the very first breach of the neckline so one must always take into consideration that that outcome is also quite possible. Either way, being deep into the midst of our current bull market,I am confident this invh&s attern will have its breakout inevitably validated at some point in the near future. We’re we to see a pattern like this in the middle of a bear market then probability would be much higher for the chance of it being a complete fakeout bull trap, but since the market cycle and overall macro sentiment of the market at the moment is bullish probability of this pattern being a fakeout/bull trap that ends up getting nullified is almost non existent. In my opinion Litecoin will need to flip the weekly 200ma(in blue) to solidified support before it can validate the breakout of this pattern so that will be something to watch for. *not financial advice*
BINANCE:LTCUSD
by DrDovetail
1
Litecoin LTC price is preparing a surprise for us?)Today, let's talk about Litecoin. Once upon a time, CRYPTOCAP:LTC was called "silver" of course after CRYPTOCAP:BTC "gold", and gave more hope and prospects for CRYPTOCAP:LTC than CRYPTOCAP:ETH at about the same then price of $6-9 per coin :) Now the "conspiratorial talks" around Litecoin are resuming again. As if the chance that LTC ETFs will be the next to be accepted is higher than ETH ETFs. This is attributed to the fact that LTC has the same halving cycle as BTC, and in general, they have more in common than BTC and ETH. Do you believe this?) Write in the comments. Now, what do we see on the #LTCUSDT chart? - The price has been holding up quite well lately, so if it stays above $100, there will be a good chance for continued growth to $130-140 - If the correction in the crypto market continues with greater force, then LTC could fall to $70 In general, the #LTCUSD price is moving very "hard" and trades are taking a long time to work out But that's the price for low-risk and low-volatility trading. But if you believe that the LTC ETF will be next, then buying LTC in the range of $70-80 with the prospect of rising to $250 or even $295 is a good idea. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
12
LTCN Following BCHG, Dont Get Shaken Out Here!I just wanted to point out where I believe we are in the LTCN cycle. BCHG seems to have front run LTCN in this cycle. BCHG broke through the .786 and corrected perfectly down to touch the .7 LTCN is correcting are the .618 where BCHG didnt. So what I see is LTCN is going to break the .786 at $132 spike up to $160 and then come back down to the .7 at $84 before a straight shot up to all time high. Dont get shaken out here right before the massive parabolic rally in cryptos and crypto stocks. Also something to note is the STOCH RSI and RSI look much more bullish on the LTCN chart where the BCHG chart looks a little more toppy and corrective. Not financial advice just my opinion. Thank you
OTC:LTCNLong
by Bitgolder
3
LTC/USDT Harmonic Pattern Analysis for Profit PotentialOverview: LTC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action reaching a critical support level. This convergence suggests a potential bullish reversal from point D, presenting a favorable opportunity for traders to capitalize on the anticipated upward movement. Entry Strategy: We recommend entering a long position near 97.8739, strategically positioning ourselves to benefit from the anticipated bullish momentum. Stop Loss Placement: To mitigate potential downside risk, it is advisable to place a stop loss order near 92.028411. This level serves as a safeguard against adverse price fluctuations, preserving capital in the event of an unexpected market downturn. Take Profit Targets: Our analysis identifies multiple profit-taking opportunities to optimize returns: - TP-1: 102.8740 - TP-2: 108.2745 - TP-3: 113.7637 These targets are strategically aligned with key resistance levels, offering potential exit points as the price advances. Risk Management: It is imperative for traders to adhere to disciplined risk management practices, including proper position sizing and adherence to stop loss levels. Additionally, monitoring market conditions and adjusting trading strategies accordingly can help mitigate inherent risks associated with speculative trading. Conclusion: In conclusion, the technical analysis of LTC/USDT indicates a promising bullish outlook, supported by the formation of a harmonic pattern and confluence with key support levels. By implementing a prudent entry strategy, combined with effective risk management techniques, traders can potentially capitalize on the anticipated upward movement and achieve favorable returns.
BINANCE:LTCUSDLong
by trading_jupiter
Litecoin (LTCUSD): Your Next Profit Opportunity!For LTC, we were stopped out of our first attempt to catch wave (iv). However, we concluded wave (iv) exactly at the level of wave (i). Following that, we completed the overarching wave ((iii)), or wave (v), exactly where we anticipated, between the 61.8% and 100% levels. We are therefore in wave ((iv)), which we do not believe to have concluded yet, and expect a pullback to the 38.2% to 50% levels, which are at $90.20 and $85.81. Afterwards, we should at least reach the level of approximately $115, which is the minimum level. However, we should actually break out even more, but we will definitely see how things develop. Since we are still in an overarching wave 3, we should then go significantly higher. We will definitely place this entry, as the possibility of this being a triangle looks promising. So, we need to wait and see how Litecoin develops and whether our limit order gets filled.
CRYPTO:LTCUSDLong
by freeguy_by_wmc
LTC - BIG NEWS : THIS Last Happened in 2020📈📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Fractals not only apply to chart patterns... but also to technical indicators! We observe the bullish cross on our technical indicator; a bullish cross that lead tot he parabolic cycle in December 2020 (there hasn't been one since). I used this exact method to call the start of a new BTC bullish cycle. Find it here: From a trendline analysis as well as moving averages, we get a support zone around $80. The price may very well wick towards this zone and STILL remain bullish. Remember that as BTC trades sideways/range, we may see rallies across altcoin markets. I've created this post to give you a better understanding of the rotation between BTC and Alts: 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:LTCUSDT
Long
by CryptoCheck-
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
Jesus LTC !Litecoin is a cryptocurrency that operates on a decentralized network, similar to Bitcoin. It was created in 2011 by Charlie Lee, aiming to offer faster transaction times and lower fees compared to Bitcoin. Regarding its future with AI technology, there are several potential intersections: 1. **AI-Powered Trading:** AI algorithms could be employed to analyze market trends and make predictions, potentially aiding traders in making more informed decisions when trading Litecoin. 2. **Fraud Detection:** AI can be utilized to detect fraudulent activities within the Litecoin network, enhancing security and trust among users. 3. **Smart Contracts:** AI technology could facilitate the development of more sophisticated smart contracts on the Litecoin blockchain, enabling automated and self-executing agreements with greater complexity. 4. **Scalability Solutions:** AI could help in developing solutions to address scalability issues faced by Litecoin and other cryptocurrencies, such as optimizing block size or implementing layer 2 scaling solutions. 5. **Personalized Financial Services:** AI-driven personalized financial services could be built on top of the Litecoin network, offering users tailored recommendations for investments, savings, and spending based on their individual financial situation and goals. In essence, integrating AI technology with Litecoin could lead to advancements in efficiency, security, and user experience within the cryptocurrency ecosystem.
BITSTAMP:LTCUSDLong
by TrojanBible
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
LTCUSD: About to start an unprecedented end of year rally.Litecoin is about to turn overbought on its 1W technical outlook (RSI = 69.352, MACD = 5.439, ADX = 27.356) but that is far from a sell recommendation. This chart shows that the historic pattern since its start is a Channel Up which sees its greater returns and starts the cyclical rally when the 1W RSI turns overbought. All rallies have hit at least the 0.618 Fibonacci trendline so this is where our end of year target is (TP = 1,600). On an extreme bullish scenario, it can even reach the Channel's top, extending to a +32,549% growth as the 2017 rally, which return a target at 12,000. Best to have have sold the majority of your LTC at 1,600 though. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:LTCUSDLong
by InvestingScope