LTC has certainly made its move but it has NOT YET made its ATH unlike BTC and ETH. As long as there is no news that tanks the crypto market then LTC is next. It is consolidating under a resistance that was made waaaaaay back. when LTC goes you will easily see this get to 220s.
The Content is for informational and entertainment purposes only, you should not...
This strategy is very simple and conservative
You divide the purchases into parts, you never buy all in
Buy zones are: (green lines)
Take profit around 156$ and more.
Its my strategy for next days.
The correction of the previous wave of growth in the LTC market lasted for almost a month. After setting a local high of $185.83 , buyers retreated. As a result of the correction, a triangle was formed in which the LTC price was traded until February 2.
In our previous idea , we showed potential LTC buying areas.
Thus, testing the range of $126-130, the...
Low sales volumes during the wave of falling LTCUSD prices on January 25 hinted at the end of the correction in the LTC market.
In fact, on January 10, after a sharp drop in prices by 40% , buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range.
Thus, we believe...
Today's idea is to analyze the movement of the LTCUSDT price on a shorter timeframe within the framework of our global idea. We recommend that you re-read it now , and then come back here.
Two weeks have passed since the publication of the global idea, and what do we have? Now our expectations are being met and the LTCUSD price did not go above $168-170 , the...
On January 11, buyers failed to defend their local trend , in which the price of LTC moved from December 11. After living exactly a month, the trend broke.
Sellers misused the chance to start a correction , leaving the liquid range of $126-132 under the control of buyers. The breakdown of the trend line forced many buyers to close their positions, after...
LTC is making higher highs, but find enormous downwards pressure. The bulls don't seem to be strong enough to push the price up, but at the same time no horizontal resistance can be found.
While LTC is still making higher highs, it can be very beneficial to buy the retracements. The higher highs and the lower highs usually describe an upwards trending...
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...
Judgment Day has come! Buyers managed to break the $147 level. Thus the purpose of our previous idea is achieved. Trading volumes at the time of the $ 147 attack were very high. Today, the sellers decided to show their strength and returned the price of LTC within the white wedge.
This will now address the question of whether the $147 break is false....
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.
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
HAPPY NEW YEAR!!!!!
Despite the great achievements of buyers in the LTC market , fantastic trading volumes and the update of the historical high of BTC , the price of LTC failed to test the critical level of $ 145.
We wrote about this level in the previous idea.
The sellers are trying to take matters into their own hands. The local level of $131 is already...
Almost every end of the year in the LTC market is very intriguing. 2020 is no exception. The price of LTC is approaching a powerful mark of $145 , which buyers can not break for 2 years.
Since November 2020, trading volumes in the LTC market have been insane. It's scary to imagine what will happen when the price hits the $145 mark.
However, we are sure that...
We have published a fairly accurate series of LTC ideas.
It's time to continue)
The LTC price has once again hit the trend, which for more than 2 years has not allowed LTC to start a global up trend.
Now, we expect LTC fall to $41 for a start.
Cancellation of this scenario is a breakout and fixing above the level...
LTC buyers showed themselves pretty well over the past 10 days.
In the previous idea , we wrote about the open interest in this coin. Today these words are only confirmed by the chart. We have noticed the accumulation of long positions and believe that it will be realized in the near future.
Sellers were not only prevented from breaking the critical point...
Price action is currently under bearish forces, heading towards the rising trendline for a retest and bounce to upper levels. We could appreciate a compelling bullish momentum in most cryptos as they already test their support levels.
Then is Litecoin can manage the breakout of the resistance level from the rising triangle formation, this could bring the price to...
DESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some...