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ETHUSD and LTCUSD Technical Analysis – 24th NOV, 2022ETHUSD: Bullish Engulfing Pattern Above $1075 Ethereum was unable to sustain its bullish momentum and after touching a high of 1230 on 20th Nov, the prices started to decline against the US dollar touching a low of 1078 on 22nd Nov. After this decline we can see some upwards correction in the levels of Ethereum towards the $1200 handle. We can see a three white soldiers pattern in the daily time frame indicating the Bullish trend. We can clearly see a bullish engulfing pattern above the $1075 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just above its pivot levels of 1201 and moving into a strongly bullish channel. The price of ETHUSD is now testing its classic resistance level of 1205 and Fibonacci resistance level of 1211 after which the path towards 1250 will get cleared. The relative strength index is at 62 indicating a STRONG demand for Ether and the continuation of the buying pressure in the markets. The Williams percent range is back over -50 in the daily time frame indicating a bullish sentiment. The STOCHRSI is indicating an oversold level, which means that the prices are expected to correct upwards in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. Most of the moving averages are giving a BUY signal, and we are now looking at the levels of $1250 to $1300 in the short-term range. ETH is now trading below its 100 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1075 mark The short-term range appears to be strongly bullish ETH continues to remain above the $1100 level The average true range is indicating LESS market volatility Ether: Bullish Reversal Seen Above $1075 ETHUSD is now moving into a strongly bullish channel with the price trading above the $1100 handle in the European trading session today. ETH continues to correct higher against the US dollar and is expected to stay above the $1200 level. ETHUSD touched an intraday low of 1168 in the Asian trading session and an intraday high of 1217 in the European trading session today. We can see the formation of both the bullish harami and bullish harami cross pattern in the 1-hour time frame. The momentum indicator is back over zero in the 15-minute time frame. The resistance of the channel is broken in the 1-hour time frame indicating a bullish trend. The daily RSI is printing at 43 indicating a neutral demand for Ether in the long-term range. The key support levels to watch are $1185 at which price crosses the 9-day moving average, and $1195 which is a 14-3 day raw stochastic at 20%. ETH has increased by 3.00% with a price change of 35.00$ in the past 24hrs and has a trading volume of 11.226 billion USD. We can see a decrease of 7.02% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH price continues to remain in a strongly bullish zone against the US dollar and bitcoin. ETHUSD is expected to correct higher towards the $1200 and $1300 levels this week. We can see the formation of a major bullish trendline in place from $1075 towards $1234 level. The immediate short-term outlook for Ether has turned strongly bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support levelsof $1144 which is a 3-10 day MACD oscillator stalls. The weekly outlook is projected at $1250 with a consolidation zone of $1200. Technical Indicators: The relative strength index (14): is at 62.17 indicating a BUY The rate of price change: is at 2.80 indicating a BUY Bull/bear power (13): is at 8.042 indicating a BUY High/lows (14): is at 3.72 indicating a BUY LTCUSD: Hammer Pattern Above $56.69 Litecoin was unable to sustain its bearish momentum last week and after touching a low of 56.69 on 16th Nov the prices started to move upwards against the US dollar touching a high of $83.26 on 23rd Nov. We have seen a bullish opening of the markets this week. The price of Litecoin is near a new record high of 1 month. We can clearly see a hammer pattern above the $56.69 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving average and below its 200 hourly simple moving average. The price of LTCUSD is just above its pivot level of 78.31 The relative strength index is at 56.20 indicating a STRONG demand for Litecoin and the continuation of the buying pressure into the markets. We can see the formation of a bullish price crossover pattern with adaptive moving average AMA20 in the weekly time frame. Litecoin touched an intraday high of $79.80 and an intraday low of $75.82 in the Asian trading session today. The price of Litecoin continues to remain above most of the moving averages, which are now giving a STRONG BUY signal at current market levels of 78.84. The STOCH and CCI are both indicating neutral levels, which means that the prices are expected to move towards the consolidation phase in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $56.69 level The ultimate oscillator is giving a neutral signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $56.69 The prices of Litecoin are moving in a bullish momentum above the $75.00 handle and more upsides are projected at $80 and $85 levels. The prices are ranging near the support of the channel in the 1-hour time frame. The parabolic SAR indicator is giving a bullish reversal signal in the weekly time frame. The ichimoku price is over the cloud in the 15-minute time frame indicating a bullish trend. The RSI indicator is back over 50 in the weekly time frame. The resistance of the channel is broken in the daily time frame indicating a bullish trend. The price of LTCUSD is now facing its classic resistance level of 79.69 and Fibonacci resistance level of 80.82 after which the path towards $85 will get cleared. The daily RSI is printing at 70.14 which is indicating a very strong demand for Litecoin and the continuation of the bullish phase in the medium-term range. LTCUSD has decreased by 0.15% with a price change of 0.1199$ in the past 24hrs and has a trading volume of 1.562 billion USD. Litecoin’s trading volume has decreased by 28.74% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin continues to move higher against the US dollar and is currently trading above the $78 handle in the European trading session today. We are expecting more upsides towards the $80 and $85 levels, but some correction is also expected due to the neutral stance of some technical indicators. We can see the formation of a bullish trendline in place from the $56.69 levels towards the $84.55 levels. The price of Litecoin needs to remain above the important support level of $71.90 which is a 14-3 Day raw stochastic at 70%. The short-term outlook for Litecoin has turned strongly bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The MACD (12,26): is at 0.897 indicating a BUY The RSI (14): is at 56.20 indicating a BUY Bull/Bear power (13): is at 1.120 indicating a BUY The Williams percent range: is at -35.26 indicating a BUY Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
COINBASE:ETHUSD
by FXOpen
2
Buyers' support!LTC has recorded a gain of over 30% in the last 24 hours. Its price, which had taken an upward trend in the 4-hour time frame, did not react to its daily time resistance in the range of 70-75 dollars. Also, with buyers' support, LTC could return to the level of $75 after six months. This could be a sign of an uptrend in the daily time frame. But note that in the weekly time, the price is still inside the long-term descending channel, and the ceiling of this channel in the range of $82-90 can be accompanied by a reaction. Therefore, the probability of the price entering a range area between the two levels specified on the above chart is high. By breaking the resistance, we can expect a definite reversal of the trend in the daily time frame.
by MonoCoinSignal
5
LITECOIN, Huge Channel-Breakout Indicates Further Spikes Ahead!Hello Community, Welcome to this analysis about Litecoin on the daily timeframe perspective. As I researched the cryptocurrency market recently I found a interesting constellation in Litecoin and the determining factors that add to a scenario with positive implications to emerge. Therefore, as looking on my chart we can watch there Litecoin has emerged with this huge ascending-channel-formation and recently as the 65-EMA in blue crossed above the 100-EMA in green Litecoin manages to build up on this EMA bullish crossover and show up with a final breakout above the upper boundary which means that Litecoin is now about to form a substantial setup from where a continuation is likely. As Litecoin showed up with the final breakout the final targets of this breakout are confirmed as seen in my chart within the 110 USD region, once these are reached it has to be watched out on how Litecoin moves on further after this and if Litecoin has the ability to stay within this area or a pullback follows firstly. In this manner, thank you everybody for watching, Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
BITFINEX:LTCUSD
by VincePrince
5
LTC Invalidate and see, Elliott wave. Here is just one of my bearish interpretation. Most would still point down. IF the price crosses $92, I would say the proposed impulse down would be invalidated. I wouldn't be sold on ATH coming soon just yet, though. I think that there is a possibility that this is just a W4 until that line is crossed. Furthermore, I am still looking at longs as well, a bearish chart does not make me a bear. If this move is a motive off of the low, Ideally holding $73 would keep this a W4 on the 1hr. 64.90 is where the impulse up invalidates. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
COINBASE:LTCUSDShort
by CryptoKnee
1
Ltc closes a daily candle above the inv h&s necklineFinally a daily candle close above the inverse head and shoulder neckline for litecoin. Many alts have had an initial neckline penetration that then went back below the neckline for awhile before finally triggering the second time it went back above the neckline so it’s possible litecoin could also follow this same behavior. However we can see the 1day 50ma already starting to curl up here and considering there appears to be quite a lot of momentum occurring across the cryptosphere, its entirely possible litecoin could trigger the invh&s breakout on the first time above the neckline. Worth keeping an eye on. Should know within 3 daily candle closes if it is going to validate the breakout now or later. *not financial advice*
COINBASE:LTCUSD
by DrDovetail
LTC/USD - Litecoin UNCHAINED. The new market leader! 🚀Litecoin is the current market leader. Forget about Bitcoin or Ethereum, they are lagging behind. There's a new kid on the block and it's kicking ass. SINCE 2011!!! Litecoin has done what no other coin did this past week... a BREAKOUT! HOLY CRAP. This is important. I hear rumors that LTC and similar proof of work coins may get some positive regulation on them following the endless proof of stake scams that keep coming. This is excellent news for BTC, LTC, VTC, Doge and other coins you actually have to mine and not print from thin air... like SOLANA or FTT. LOL The price action is bullish and if you fancy getting some juicy LTC, then have buy orders at the re-test level of this breakout, around $74. If the retest is successful, then LTC's next target will be just under $100... JUICY. Like and follow if you liked my idea!
Long
by duonine
7
LTC/USDT Ascending TriangleLTC/USDT Binance 4h Create ascending triangle chart pattern . What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since price will typically break out in the same direction as the trend that was in place just prior to the triangle forming. KEY TAKEAWAYS The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. What Does the Ascending Triangle Tell You? An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Long
by BabarLaghari
2
Why LTCUSDT Can Increase Another +50% 📈Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Unlike most of the cryptocurrency market, here's an altcoin that has been bullish over the last two weeks; Litecoin / LTCUSDT. IF we can CLOSE a weekly candle above the next immediate resistance zone around $75, $100 becomes a highly realistic target. It is though, important to see how the price will react at the resistance zone before entering the trade. Since you're here 👀 Here's my outlook on BTC : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
25