Signal: Red -> Green Context: Green Waiting for a Breakout LTC, Litecoin, LTCUSD, LTCUSDT, LTCUSDTPERP, CRYPTO,CRYPTOCURRENCY DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
After large sellofs we saw an uptrend in this channel here. With a few breaks above channel as seen by triangles and dipping back into the channel it gives me some indication that it doesnt have what it takes to stay above that upper trendline and cannot break above this resistane channel. Each break above decreased in size and failed to do so in the last attempt...
💲Litecoin Target $130 💲This time it's time for Litecoin, which in my opinion like the rest of the cryptocurrencies has a lot of upside potential. 💲Looking at the high buying interest in recent weeks. It's not hard not to get the impression that someone is intent on accumulating Litecoin at cheap levels. 💲Taking everything into account, it looks like we will go...
In general, as long as the support level of $70 is maintained, we can expect the continuation of the range and testing of higher resistance levels. But if we have selling pressure in the market and Bitcoin re-enters the price channel of $16,000, the possibility of a further decrease in the price of LTC and return to the next support in the range of $55-57 will increase.
You can see prediction of 5 waves so first we must see 59$
Litecoin dominance was in a degenerative state since 2019. A strong reversal move has emerged with a 70% gain in a very short time. This is unusual for a dominance chart. The bars pattern placed just is a punt showing a recovery of the highs of dominance for LTC. Litecoin is a great long choice based on this chart and other charts linked below
Litecoin is showing itself very strongly now, in previous cycles has always been a leading indicator of a reversal for Bitcoin Now there are 239 days left before the LTC halving, the target is August 5, 2023. Historical data : 1st LTC Halving, August 25, 2015. Growth from low - 7X to Halving. High - 44 days before. 2nd LTC Halving, August 5, 2019. ...
LTC is in very similar bottom fractal in price action as well as in RSI. If the fractal is to be repeated, we are expecting one more down wave and consolidation with higher lows after that, before the next bull market.
LTC formed a perfect accumulation triangle and, breaking the upper edge of this one which is at 76.95, LTCUSDT explodes upwards, seeking 85.05. Before you have to go through the resistances of 77.8 / 79.57. RSI flat on the chart, indicating oversold and reinforcing the upside triangle breakout. In case there is a reversal of this trend, I would look for its...
Bulish Flag Has already Broken Expecting 8 To 10% Bulish Move
Litecoin broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 60.2 is possible.
Just a quick update. I figured I would go briefly go over the VIX again and some other things like BTC, DOGE, LTC and APPL
I bought litecoin here at 67USD, Expecting 84 USD. Long term target would be more than 800 USD
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...
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