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LTCUSDT

LTC Update - 25.01.2024 / Short setup4 hour chart: I see the coin moving in a full downward oof through withdrawal of internal liquidity, structure breakdowns, FF imbalances and mithigating bts zones. At this point I'm considering two POIs for a set of shorts positions: 1. Daily FVG that broke local structure to short (Only through confirmation on ltf in the form of nascent off / structure breakdown) 2. Block order zone + ind (Also only through ltf confirmation) Market maker left enough compression behind the lows to deliver price on the downside, so we just have to wait for rebalancing in POI and trade pattern formation! Not financial advice, always think with your head! ❗
Short
by trademansi0n
🏃‍♀️🏃‍♂ LTC. The spring has compressed. XxX's are inevitableOne of the most anticipated online events in the digital currency ecosystem in H2'23 was the Litecoin (LTC) halving, that took place in early August, 2023. As the cryptocurrency market prepares for one of the network's major events, the Litecoin (LTC) halving, investors and analysts were peering into the crystal ball of market trends in an attempt to predict the outcome. However, based on the hype that has accompanied the halving event over the past few months, there is good reason to believe that the online event may produce a different result than expected. Historical backtest analysis says that every time the number of new addresses COINBASE:LTCUSD exceeded 350,000 over the past five years, a significant price correction followed. More than 690,000 LTC addresses have recently been created, suggesting that the upcoming halving could be a “news selling” event. On the other hand, the upcoming Litecoin halving, in theory, provides the opportunity for a significant price increase. This thesis stems from the deflationary effect that halving will cause, reducing the rate of creation of new Litecoins. Combined with the growing demand for the coin, this again, in theory, could create an ideal scenario for price growth in the medium to long term. The aftermath of the Litecoin halving should provide the cryptocurrency community with valuable information, especially as investors prepare for the subsequent Bitcoin halving BITSTAMP:BTCUSD , scheduled for April, 2024. Technical picture in Litecoin COINBASE:LTCUSD at the same time indicates a continuing deflationary price compression, with possible prospects for a further price decline within the boundaries of a downward channel to multi-year/ historical lows.
COINBASE:LTCUSD
by Pandorra
LTC Showing a bearish SharkLooking at the LTC chart, it looks like we did a bearish shark and we could have one more move to the down side or we have completed the bearish shark (since the recent low got close to the previous all time low). A break above the previous high should invalidate the bearish sentiment. In the short term I am bullish on BTC so I want to believe we have completed the bearish shark on LTC but charts don't lie, emotions do. Please do your DD as this is not a financial advice.
by BlackisKing
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