Litecoin (LTC) Technical Analysis: Navigating Short-Term Challenges for Long-Term Gains Introduction: Litecoin ( NYSE:LTC ) is currently trading at $65, and it's crucial to dissect its high-timeframe (HTF) chart to understand the potential short-term hurdles and long-term prospects. In this comprehensive technical analysis, we will explore what lies ahead for...
Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome. Having a...
After a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The...
I expect another dip to local lows, which will serve as a good entry point for a long time. you cannot set a stop above the level of $56 (if the candle is fixed below this price, exit the position)
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (LTCUSDT chart) (1D chart) While trading futures, there are times when you need to check the big picture movements. That's when a trade doesn't go well or when a big uptrend is...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities. Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect...
Going further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying. At this point, it is worth marking the first and current second...
Hello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57. Looking the other way, we see...
Clouds and rain ☔ forecast for the global crypto market in the next 24 hours and week as bond yields surge to decade highs. Bearish sentiment looms for crypto coins. Litecoin and Chainlink, however, bring a glimmer of ☀️, hinting at a slightly bullish trend. Follow us for more crypto weather reports!
Plan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon Target > ~ 0,010 - 0,013 Time > ~ 5-8 months (april-july 2023) P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market. But look how perfectly the channel worked. I think that we will still test it, as a...
Ok, let's try to figure out what's going on. First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating. The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and...
Hey Trader, Check this trade setup on CRYPTOMAJOR Basket. Keep a close eye on some bullish run on BTC, ETH, LTC and other major crypto currency. Stay Close.
I invite you to review the LTC to USDT chart also on a four-hour interval. At the beginning, we can use the blue lines to mark the downward trend channel in which we move along the lower border. Let us now move on to determining supports for the LTC price in case the current correction deepens and here we can notice that we are at the support level of $59.12, but...
Yet another Crypto Cracking a key area. Once again great risk-reward here for both long or short. I prefer the short as the chart is completely broken to me.
We have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would...
Litecoin (LTC) technical analysis: Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next. ...
Over the course of the last month, Litecoin (LTC) has persistently followed a declining trajectory within a short-term channel. This downward movement has notably coincided with a surge in selling pressure across the broader market. This alignment of factors has led to a significant breach of the channel's bottom, effectively breaking through a support level that...
Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation,...