Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspectives. Litecoin so far has managed to hold its structure and build somewhat above the 160 level, besides that I discovered a very interesting formation Litecoin is developing here which is this main descending-pennant-formation with the...
Looking at the 12-hour time frame of Litecoin, i'm seeing a clear bottom out along $171 (2-year valley support created in 2017). At the moment, LTC is accumulating in the $171 - $183 zone and will continue accumulating in that zone until it moves back up.
My targets moving forward after Litecoin finds a stable support above $183 are:
TP1 🎯 $194.75
Ltcusd in the support zone and it can’t break it so now will try to up.
First target will get 185$ and if can break 185 will start a new upward
Tendency : upward
Entry: above 155$
Tp.: 185 & 220 & 280
Sl.: stqble under 150$
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
Price formed a clear triangle. I'll open a long position only in case when the price will make squeezing, breakout, and retest. Set an alert and wait for realization.
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Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspectives. Litecoin for a more or less long time has decently held its structure above the 145 level above which it bounced and now formed this descending-channel-formation with the coherent wave-count and the major waves A to C almost already completed. What is also...
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.
if Bitcoin is Gold, Litecoin is Silver . The two complement each other.
I have shown a clear tendency here to switch focus (and posts) between different assets at different times.
First it was Bitcoin from 12,000 to 40,000, the Ethereum, then Enjin (got in at 20cents, stopped posting at the highest point ), the Cardano (and Kusama), recently Bitcoin...
Charlie Lee, the inventor of Litecoin, has revealed two major changes coming soon to the 13th largest cryptocurrency. Lee explains why Litecoin's impending upgrade, which will increase the digital token's fungibility and privacy, is critical to sound money principles in an interview with crypto researcher Scott Melker.
Technically, this week we can see a move to...
1 - Litecoin does 5x over Bitcoin
2 - Bitcoin breaks out before cycle peak
3 - Bitcoin peaks at 4 year cycle
4 - Bitcoin bottom of bear market
5 - Litecoin halving
6 - Bitcoin Halving
7 - Bitcoin approaches previous all time high
Shout out @masterbtcltc
The price is currently forming a Range/Consolidation at the moment, If price manages to break above the range then it is highly likely that price will touch $47K, however it price manages to break & close below the strong support area($30,000-$29,000), it will be a very big bearish sign for the price and price might continue moving lower towards...
It is very rare for any pair on financial markets for sharp movement to not carry on the same direction.
... this short consolidation should take a little and pair should exit channel the same direction it entered it which is down...
I tried to illustrate most possible outcome
This chart is sharing similarities with BTC XRM ETH to name few.
Since 1.5 year, ETH has been outperforming LTC. From 0.57 ETH, LTC is now valuing 0.11 ETH.
In this period, ETH went from 240$ (June 2019) and 1870$ (today). 780% growth.
On LTC side, we went from 120$ (June 2019) to 220$ (today). ONLY 83% growth.
Greyscale is now charging a 1500% premium to buy LTC from them.
We can see the Chikun is getting ready.
#LTCUSDT TA Update:-
$LTC currently trading at $186
I am Short term bullish on $LTC
Support 1 is my entry point.
Buy partially only not once
SL:- If daily time frame any candle close below $175 then exit
I am Only buying in spot.
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