I was bullish on Litecoin since 2 days ago and thought it will rise to the 95-100 zone. However, the coin started to look tired and I closed my trade just above 80. In my opinion, crypto bulls are not out of the woods and a new wave of strong selling could follow in the near future, so I'm preparing for this scenario. In Litecoin's case, looking at the chart, we...
Everytime Litecoin outperforms Bitcoin (shown by the orange line), a new Bull Cycle starts. This has been historically holding since 2015. We can claim that an LTCUSD channel up is an early buy signal for BTCUSD. And right now LTC is in a similar rising channel as in January-June 2015 and January-June 2019! Bitcoin is most likely in an accumulation period ready...
Past Performance of Litecoin Litecoin remains within a bullish breakout formation, doubling in the past six months. The coin is within a breakout formation at spot rates, clearing critical resistance levels. Accordingly, buyers have re-established themselves, setting the base for a possible recovery. #Litecoin Technical Analysis At spot rates, LTC is up 67...
I saw this in a prior analysis but thought I would elaborate a bit. The horizontal in 2017 was a period of low volatility, extremely low. But it was a great place to buy. Price pumped to about $300. The horizontal seen today shows low volatility again, on a grander scale. Can the pump points be compared? As digital currency enters the mainstream Litecoin will win...
MA Convergence and subsequent trend reversal These crosses are referred to as golden crosses Daily chart Further charts for LTC below
Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022 We look at the logarithmic chart LTCBTC is trading near the lower support line of the descending channel, against the backdrop of good news, I expect a rebound to the middle line of the channel, and possibly even to the channel resistance line. Current LTC price 70$ Best regards EXCAVO
Today we see Litecoin still pushing higher with a new high and the highest price hit since May this year. Trading volume is also high today which tell us that this move is real. Previous analysis | Dec. 2 | Litecoin Still Trades Above EMA10 | $100+ Still Possible As ... Additional details, support and resistance levels, can be found mapped on the chart. Namaste.
crypto market is falling. ltc coin cannot grow alone. A drop down is expected to test the previous bottom
Litecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th. Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware...
Hello, I hope you are well, dear traders I think we should move down from the red area to the green area. be carefull
Hi Snipers, Please refer to the recording for the next price levels and scenarios. Thanks MS
Litecoin is breaking out above a major downtrend resistance connecting the May'21 and Nov'21 highs. The last pre-halving rally began roughly 7 mo before peaking (Jun'19) 2 mo ahead of the Aug'19 halving. If LTCUSD behaves as it did last cycle, w/ the next halving occurring Aug'23, and the pre-halving rally ending ard Jun'23, the 7 mo pre-halving rally has likely...
The Litecoin has been testing the 1W MA50 (blue) line in the past two weeks for the first time since November 2021, indicating the bearish pressure that the market has been through these past 12 months. This goes against the heavy selling pressure on Bitcoin and other high capitalization coins. We've mentioned countless times that LTCUSD tends to do the initial...
LTC 4H support is at ~$75 Enter 50% at the current price and try to set some BUY orders near the support zone If LTC stays above the trendline, the Take-Profit target would be 5%, 10%, and 15% from your entry Cheers
Looking at Litecoin gives general clues to the health of the #crypto market Having already 2X'd off the lows already it is showing us relative strength versus other coins. What can we expect for the halving in 2023 and where can it go?
Litecoin had a decent run and now looking for small correction around 72 to 70