Like all the crypto market, Litecoin also corrected hard, dropping around 75% from top to bottom. 100 is strong support for this crypto and we can have a double bottom in place. At this point, LtcUsd is trading just under 150 neck-line resistance and a new wave of optimism could lead to a break. The measured target is 200
The bullish structure is shown more strongly in the chart below
This bluechip has lots of chances to follow its friends Ethereum and BNB In the way they went. Can take positions after a potential retest of the support.
Similarities in price and indicators can be seen between now and late 2017 Late 2017 price dipped and touched briefly the .618 fib level Now the price has dipped touching the 1.618 fib level In both situations a golden cross was present This leads me to believe a nice run is coming for Litecoin within the year Buy while its cheap!
It's just for education. I will be happy to use your comments.
LTC/BTC can be seen reaching a critical area within a falling wedge that has formed while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300 From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022 One of the first coins I ever owned, can't go wrong
I think a big move is coming for LTC Just as happened at .618 (labelled 1), at 1.618 Price has climbed over the fib ring for that level, last time it led to an explosion in price Is another explosion approaching? Wishful thinking, but also a possible reality.
Litecoin has made some staggered moves upward Similar scenario can be seen in 2017 This is a good sign for the bulls is all I can say UP !
Preconditions for growth: - accumulation zone 172 - 186 - squeezing to the resistance line - false breakout on the resistance line - after that moving up (it means that for someone it's important to go up) The first goal is 210. With SL. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button,...
Hello Trenders, If you here right now scanning between thousands of chart analysis, this one may do it. Now even my grandmother knows that Litecoin will double its value in USD this year. What she doesn´t know is... the motherfu.kin Litecoin may skyrocket x10 from this new bottom and pay for my next vacation like it did every cycle. The double top was broken...
Litecoin has found support at the 200 day moving average It will likely consolidate a bit before continuation of the bull run in progress We aint done yet !
LTC will very likely break 4 digits this bullrun.$220 would be a gift.
1- daily chart is an uptrend 2- 4hr chart - strong support and resistance area 3- 1hr chart - the double bottom is creating but we are waiting for the confirmation after breaking its neck
As I expected, Litecont pumped, and well exceeded my 350usd target. A correction followed and now LtcUsd is near 300 figure. I expect a new leg up above 400usd and I will look for opportunities to buy
This bullflag will smash this channel formed on the daily chart This is a great buy signal