LTC
#LTC/USDT analysis.Give me some energy !!!#LTC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area (marked in green) at 107.50, which represents a strong basis for the upside.
For inquiries, please leave a comment.
We are in a consolidation trend above the 100 moving average.
Entry price: 111.15
First target: 112.80
Second target: 114.70
Third target: 117
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
LTCUSD H4 | Bearish drop offLitecoin (LTC/USD) is reacting off the sell entry which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this levle to he take profit.
Entry is at 107.36, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 111.31, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Take profit is at 101.34, which is a multi swing low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
LTC 4H Analysis - Key Triggers Ahead☃️ Welcome to the cryptos winter , I hope you’ve started your day well.
⏰ We’re analyzing LTC on the 4-Hour timeframe .
👀 After the sharp and deep drop that Litecoin experienced in 3 candles, it moved toward its key support in the $102 area and was well supported from this zone. Then it formed a higher low and higher high compared to its previous low and high, and it is now moving to break its resistance in the $107 area. With a 4-hour confirmation on this zone (the taker-seller and key resistance), it can move upward.
🧮 Two key zones are considered for the RSI oscillator: the 63 level, which is close to the 70 zone—if the volatility crosses this level, Litecoin can move toward overbought. The second zone is the entry threshold into oversold.
🕯 The size and volume of the candles in the recent drop, which can be considered a price correction, are really significant and large. Scattered sell orders are placed above the area we marked, which causes our green candles below this zone to appear a bit smaller. To break the specified taker-seller area, we need a large candle with relatively high volume that fully confirms (stabilizes) on this zone to shape our bullish and high-momentum trend.
💸 BINANCE:LTCBTC is bearish against the Bitcoin pair and has not turned bullish yet, but it is positioned a bit above its support floor. With a breakout of the taker-seller zone in the USDT pair, the Litecoin/Bitcoin pair might also turn bullish, which would increase the movement momentum and the size of the candles.
🧠 For a Litecoin long position, we have to wait until we confirm above this taker-seller area with a strong whale candle and then examine the available scenarios for the breakout.
↗️ Long position scenario: breaking the taker-seller area and key resistance at $107 along with whale candles, and then observing a multi–time frame indecision candle, which will also give us a smaller stop size.
📉 Short position scenario: if the market wants to give a heavy and strong correction, the $102 area can be a good zone for a floor break and a short position on this coin—but the important point for us is that Litecoin is about to start a good bullish trend.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
LTC/USDT 1h short term 1. The inheritance channel (orange lines) - the course was in the downward trend, but just struck the mountain from the channel. This is a signal of short -term shift Momentum to upward.
2. Horizers of support/resistance (red and green lines):
• Support: 104.64, 103.15, 101.77 - you can see that the course reflected several times from these levels.
• Resistance: 106.05, 107.85, 109.32 - these levels are now key goals with further increases.
3. STOCHASTIC RSI (bottom of the chart) - is in the purchase zone (above 80). This suggests the possibility of short -term correction, but after struggling from the channel, the momentum can still pull the price higher before the stronger pullback occurs.
⸻
Scenarios:
✅ Taurus (continuation of stroke):
• If the price lasts above 106 USDT, subsequent goals are 107.85 and 109.32.
• Closing a few candles above 106.05 will confirm the burst and gives space for growth.
⚠️ Bear (false breakup):
• If the price does not last above 106 and returns to 104.64, the market may fall again to 103.15 and even 101.77.
⸻
Summary:
• The trend has changed to a short -term upward after having broken out of the downward channel.
• Keeping the level of 106 USDT is key - if it succeeds, there is a chance for an attack 107.85 → 109.32.
• RSI is high, so in a short time it is possible to lightly withdraw before we go higher.
LTC - Litecoin closing monthly flat...what next?LTC spent September trading between $108 - $121. A tight range while everyone awaits the SEC ruling. Usage for payments is up and the network remains strong yet it trades in AMEX:USD and is now being bought up by the same greedy bankers that led Satoshi to create Bitcoin. These people play by different rules.
Expecting a RED October for markets. Possible some heavy market FUD with a "fall guy" to blame. I am not short and will view as a buying opportunity if happens. Long term bullish but next month.....BRACE
Not financial advice and never take advice from the internet. Happy Sunday
LTC is forming a bullish Double Bottom pattern📊 CRYPTOCAP:LTC Market Update
CRYPTOCAP:LTC is forming a bullish Double Bottom pattern ✅
It’s now testing the red resistance zone 🔴 — if it breaks out with confirmation, the first target will be the blue line level 🎯
LTC/USDT | Litecoin Consolidating – Can Bulls Smash $150 RSTNCE!By analyzing the Litecoin (LTC) chart on the weekly (logarithmic) timeframe, we can see that after our last analysis, the price successfully reached the targets at $92.5 and $115. Currently, it is trading around $115.
The price now faces a strong resistance zone between $120–$150. Litecoin is consolidating and building enough momentum to attempt a strong breakout of this zone. If it manages to break through, the next bullish targets will be $155, $200, and $268.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
LTCUSD H4 | Bullish momentum to extendLitecoin (LTC/USD) has bounced off the buy entry which is an overlap support and could potentially rise from this level to the upside.
Buy entry is at 114.09, which is an overlap support level.
Stop loss is at 109.77, which is a pullback support level.
Take profit is at 123.04, which is a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
LTCUSD H4 | Bearish drop aheadLTC/USD is rising towards the sell entry, which is an overlap resistanc,e and could drop from this level to the downside.
Sell entry is at 113.38, which is an overlap resistance.
Stop loss is at 118.49, which acts as a pullback resistance.
Take profit is at 107.19, whichis a multi swing low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
LTCUSDT 1D chart review🔎 key levels
• Resistance resistance:
• 118.92 USDT (local resistance, recently tested several times).
• 126.05 USDT (stronger resistance - if it pierces, the trend is continued).
• Support (Support):
• 113.31 USDT (current level, currently defended).
• 109.28 USDT (SMA as dynamic support).
• 102.38 USDT (key support - if it falls, there may be a stronger decrease).
⸻
📉 Trend
• You can see the yellow inheritance trend line on the chart - the course respected it several times.
• Currently, the price is trying to stay above SMA200 (green line), which is a signal of a potential reflection.
⸻
📊 indicators
• MacD:
• The histogram has gone into a positive zone, which suggests growth moment, but the signal lines are close to each other → possible consolidation.
• RSI:
• Value around 50 → neutral zone, no clear purchase or sale.
• If he pierces 60, he may enter the upward trend.
⸻
📌 Scenarios
1. Bullish
• If it stays above 113.31 and breaks 118.92, the goal will be 126 USDT.
• Confirmation: RSI> 60 and MacD further opening up.
2. Bearish
• If the course drops below 113.31, subsequent support is 109.28 and 102.38.
• Confirmation: Macd Cross down + RSI <45.
LTC Short to 108$LTC Short to 108$
Enter 120.26
SL 121.36
TP 108.63
LTC possibly does double top and currently in Diamond reversal pattern. 95% on Twitter is bullish. That's all u need to know.
SL would have manually in case of wick wick on 4h above the diamond's top.
Low leverage can enter now
LTC SUPPORT AND RESISTACEHello friends
Due to the rise we had, the price is in a correction phase and now we have identified the support areas for you that can move to the set targets if they stabilize in these areas and the specified resistance is broken.
*Trade safely with us*
LTC CONFIRMATION $114 can get LTC to up $120LTC is at this moment at an important zone, and if it targets $114 with confirmation, it could break to up $120
Litecoin — Liquidity Hunt from $111 PainSergio Richi Premium ✅
CRYPTOCAP:LTC #Crypto #Litecoin — Liquidity Hunt from $111 Pain | Liquidity Zone: $1.2M long liquidation at $111 | September 06, 2025.
Price (Sept 6, 2025) : $111.68
Institutional Accumulation & Funds:
Key players stacking LTC as a treasury asset, tightening supply (77% long-term held, miner reserves ~2M, MWEB 183K+ locked):
• Luxxfolio Holdings: Filing $100M CAD (~$73M USD) prospectus to accumulate toward 1M LTC by 2026; views LTC as "hard currency." Backed by Charlie Lee, positions as first LTC treasury company.
• MEI Pharma: Holds 929,548 LTC in treasury.
• Grayscale Litecoin Trust: Enables institutional exposure; SEC delayed ETF rulings to Oct 2025. Coinbase holds 214K LTC.
💡 Entry & Exit:
Entry: $111.68 (spot long)
🎯 Take Profit: $130.00 (+16.41%)
LTCUSD H1 | Bearish Reversal off major resistanceBased on the H1 chart analysis, we can see that the price has rejected the sell entry which is a pullback resistance and could potentially drop from this level to the take profit.
Sell entry is at 115.05, which is a pullback resistance.
Stop loss is at 118.19, which is a pullback resistance.
Take profit is at 111.70, which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
LTC reakout Loading? Targets $137 and Beyond After NFP Shock!Litecoin (LTC) continues to hold key support around $109 despite recent volatility, setting up for another upside push. With the Non-Farm Payrolls report coming in significantly weaker than expected, risk assets like crypto have gained a bullish backdrop as the Fed faces pressure to lean dovish. In this video, I break down LTC’s daily and 4-hour charts, highlighting the crucial demand and resistance levels that will shape the next move.
As long as LTC holds above $109, the structure remains constructive with targets toward $119.8, $123.4, and $137 in play. A breakout above those levels would open the path toward $168, aligning with the broader bullish setup across the crypto market. With Bitcoin showing resilience, Litecoin is well-positioned to continue its recovery in the sessions ahead.
LTCUSD H4 | Bearish Reversal at pullback resistanceLTC/USD is rising towards the sell entry which acts as a pullback resistance and could reverse from this level to the downside.
Sell entry is at 115.18, which is a pullback resistance.
Stop loss is at 123.05, which is a swing high resistance.
Take profit is at 103.51, which is a swing low support that aligns with the 78.6% Fibonacci projection.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Litecoin · Support Confirmed —Buy & Hold!I am focusing on the daily and the current retrace; you already know the bigger picture—Litecoin is going up.
Short-term though, we are looking at a potential confirmation of support.
We have a very good situation here, a simple and classic rising channel. Support is being tested at exactly EMA89 which matches the 0.382 Fib. retracement level in relation to the move from April through August. When the market is bullish, as it is now, a reversal can easily happen at this level.
This same support zone is also a previous resistance, the 10-May high. Resistance flipped support. This gives further strength to EMA89 and Fib. retracement, it makes the signal that much stronger when there is a combination of events all pointing in the same direction.
See the ultra-low volume in the most recent trading days, it continues to drop and drop as the bears have their turn. Weak bearish action; no sellers pressure. This is my interpretation of the current chart.
Since I am always saying "buy at resistance, sell at support," Litecoin is in a great position right now to buy and hold.
Namaste.
LTCUSD Will it resume the uptrend and hit $165?Litecoin (LTCUSD) has been trading within a Channel Up pattern since the April 07 Low and in the past two weeks has found itself declining, being on the new Bearish Leg of the pattern.
This decline has hit already the 1D MA50 (blue trend-line), where despite the break-out, the price is consolidating around it. Based on the previous Bearish Leg, which reached the 0.618 Fibonacci retracement level before making a Higher Low and rebound into the new Bullish Leg, LTC can reach 95.00 before initiated the next rally.
However, the 1D RSI just hit its 5-month Higher Lows trend-line, which indicates that the price might reverse now instead of lower. A sound strategy to account for both possibilities would be to split your normal position size into half and enter both now and if the RSI Higher Lows break, use the rest for one final buy lower.
In any case, our long-term Target is the -0.382 Fibonacci extension (like the previous Bullish Leg) at $165.00.
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LTCUSD H4 | Heading into pullback resistanceBased on the H4 chart analysis, we could see the price rise to the sell entry which is a pullback resistance that aligns with he 50% Fibonacci retracement and could reverse from this level to the downside.
Sell entry is at 114.96, which is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss is at 122.90, which is a swing high resistance.
Take profit is at 103.64, which is a swing low support that is slightly below the 50% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Litecoin · EMA55 Weekly · Perfect Market ConditionsThis is a bullish chart. Notice how back in October 2020 Litecoin moved above EMA55, this move launched Litecoin's 2021 bull run phase.
Now again the action is happening above EMA55 since last month. It is true that Litecoin has been fluctuating between above and below EMA55 in the last three years. Whenever the action is happening below, the bears have the upper-hand and prices can move lower. When trading is happening above EMA55, the doors are open for a major advance.
Trading above EMA55 is not the only bullish development, the action is happening far from this level which has a reading of $95. LTCUSDT trades at $116 at the time of writing.
Higher lows are present since June 2022 and we have an ascending triangle. We have some higher highs but this can also be considered a flat top. Litecoin is moving very close to resistance and this is bullish. The closer to resistance the action happens the weaker resistance becomes. Here Litecoin is weakening this final barrier before producing the highest prices since November 2021.
Market conditions are perfect for additional growth. If not now, in the coming weeks and months. Sooner rather than later Litecoin is going up.
Namaste.
LITECOIN H4 | Bullish bounce off 78.6% Fibonacci supportLTC/USD is falling towards the buy entry, which is an overlap support that lines up with the 78.6% Fibonacci retracement and could bounce from this level to the take profit.
Buy entry is at 110.55, which is an overlap support that lines up with the 67.6% Fibonacci retracement.
Stop loss is at 103.64, which is a swing low support.
Take profit is at 119.19, which is an overlap resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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