Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another...
Hey friends, hope you are well, and welcome to the new update on Litecoin. Rejected by resistance: The price action of LTC is rejected by $170 resistance and moving between $140 to $170 support and resistance levels. Broke out the channel: The price action broke out the resistance of the channel on the daily chart, but formed a head and shoulder and broke...
Hi friends hope you are well, and welcome to the new update on Litecoin. On the long-term weekly time period chart, the price action of the LTC has completed last leg of bullish Shark pattern and entered in potential reversal zone. Buying and sell ranges: The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci...
In this technical analysis I share my current views on LTC/USD. I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
In this idea we would like to show the general picture of LTCUSD for the last 3 years. It, following ETHUSDT, tried to reach ATH which was $375, but actually stopped halfway at $185 . The last time the price was there in early 2018. At the current growth, the price from the second attempt was able to break the high of 2019 at $145 and went further by $185....
This is an update on my litecoin post from a few days ago. The crypto correction has been fully underway in the past couple of days but the weekly support area has held up so far. If the lows around 112 continue to hold, then the next move could be to the upside over the coming days.
Litecoin recently embraced support at $110 following the colossal breakdown from highs above $190. On-chain metrics show that Litecoin is stuck between two key levels that are constantly being tested. Litecoin has retested the support provided at $110 following a massive breakdown from price levels around $186. The drop in price occurred in tandem with...
The euphoria in the LTC market did not live up to investors' expectations. Breaking the global mark of $145 up gave the price a great chance to continue to rise to $220. However, the sharp fall in the price of BTC significantly adjusted the plans. As a result, the LTC price broke the bottom trend line of the channel in which it traded from December 11....
The most recent support area from 139-119 is key for the currency. If we can hold above the support then we should have continuation to the upside. Below 119 could be a much more bearish scenario. We will have to watch how price behaves over the coming days
Litecoin is showing bullish divergence but it needs to break the yellow resistance trendline first. Safe entry would be the break of the white line above it. If it manages to do this the move up will be fast. Target price of $304 Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Fib looking long with weekly resistance breakout of the $177ish mark..Huge volume and coupled with the announcement of the Flare Network Airdrop ..we could see $211 the $256 at time of the snapshot. I'm entering long positions here in the $177 mark. Trade at your own risk, this it not financial advice. Click the like and leave a comment!
After breaking the key mark of $147 , the growth of the LTC price slowed down. Active resistance from sellers on January 3-4 did not work and the main level of the LTC coin remained under the control of buyers. The price went according to the "white scenario", which we wrote about in the previous idea: At $173, sellers found a new range to slow prices....
In this technical analysis I will walk you through the current price action on LTC and show you potential areas where you can enter either a long or a short position. I will try to keep it easy to read and to-the-point. The most important thing to consider now is where you would enter LTC. Because it is trading neither near support nor resistance, I don't...
In this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC. What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively...
I know a lot of you are thinking this is overbought, over heated, ran up too fast, etc and are trying to apply some sort of technical analysis to it but I want you to know - you are focusing on the wrong thing. Your mind focuses on "warning signs" because our brains are programmed with a survival instinct that always seeks a safe shelter (i.e. cash).... Here is...
Sharing forecast. Best estimate The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170. Conservative estimate It's the Compounded Annual Growth Rate (CAGR) of 199.25%. This is computed as: Closing Price x (1 + CAGR) = $124.69 x ( 1 + 199.25%) = $373.14 Worst estimate Worst case...
Our favorite second, doing very well and looking prosperous from a technical point of view as well.