In analyzing the market for LTC/USD, there are a few factors that suggest a potential move to the upside in the coming days, followed by a subsequent drop as the dollar strengthens in the coming months, possibly around July. Firstly, the recent break of a low in the market could indicate a period of retracement or correction. When a market breaks a previous low,...
As you may already know, a "death cross" occurred on the LTC/USD chart on June 19th, 2021. This is a technical analysis term that refers to when the 50-day moving average crosses below the 200-day moving average, indicating a potential trend reversal to the downside. This is not something to be taken lightly, as it could be a sign of further losses for LTC in...
"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart. Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes...
Arguments for this development of events: 1) On the graph, you can see a push to the resistance level (it has only fake out - you need to sell) 2) Everything above $75+ was distributed to weak hands 3) The crowd is very positive about LTC (there should be a halving and a price increase - everyone thinks so) 4) Waiting for regulation of the crypto market (this...
Hello everyone! I've noticed that in the past few days, LTC has been showing growth consistently. I will conduct a brief analysis to understand the reasons behind this and what we can expect in the future. I believe most of you are aware that we have a halving event coming up, specifically in 72 days. I have explained what halving means in my previous posts....
Litecoin - 24h expiry Previous support at 84.00 now becomes resistance. We look for a temporary move higher. Our short term bias remains negative. 50 4hour EMA is at 84.33. We are trading at oversold extremes. We look to Sell at 84.23 (stop at 87.23) Our profit targets will be 77.23 and 75.23 Resistance: 80.00 / 82.00 / 84.00 Support: 76.60 / 75.20 /...
Litecoin - 24H expiry - We look to Sell a break of 82.98 (stop at 85.98) There is no clear indication that the downward move is coming to an end. Our short term bias remains negative. 83.78 has been pivotal. A break of the recent low at 83.78 should result in a further move lower. We look for losses to be extended today. Our profit targets will be 75.98...
Methodology: To analyze LTC patients, I used the Pitchfan tool to collect and analyze data on individuals with a history of Litecoin use or investment. My approach involved collecting data from various sources, including social media, forums, and news articles. I then used Pitchfan to clean and analyze the data, including identifying patterns, trends, and...
H4 - Price is bouncing lower from a strong resistance zone. Most recent uptrend line breakout. No opposite signs. H1 - Bearish divergence followed by a strong bearish move. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern Butterfly Harmonic Pattern detected on this Chart. We'll ride the Bearish Trend reversal after Confirmation of this trend with a series of LL and LH. Placing Sell stop order and TP1 is at least 1:1. Later with trailing Stoploss levels more Tps Points will continue to ride this Bear trend.
Ltc in 4h divergence. And near strong resister line.
Litecoin - 24h expiry - We look to Sell a break of 84.98 (stop at 88.08) Broken out of the triangle formation to the downside. Trading has been mixed and volatile. Daily momentum has stalled and our bias is now neutral. A break of the recent low at 85.33 should result in a further move lower. 85.33 has been pivotal. Our profit targets will be 77.48 and...
Happy Weekend, Prices of the crypto has been bullish since we have got to know about USA BANKING CRISIS making DXY and other currencies vulnerable therefore for shorter term we would be expecting price to continue rising until it reach out area of reversal where we can sell for swing entry.
Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64) Price action has continued to range within a triangle formation. Bespoke resistance is located at 94.50. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Price action has broken from the previous formation. Early...
theCrypster - A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here! There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to...
Litecoin - 24h expiry - We look to Sell a break of 85.77 (stop at 88.27) Short term momentum is bearish. There is no indication that the selloff is coming to an end. A break of the recent low at 85.93 should result in a further move lower. Short term bias has turned negative. The trend of higher intraday lows has also been broken. Our profit targets will...
Litecoin - 24h expiry - We look to Sell at 96.29 (stop at 98.31) Posted a Double Top formation. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Our bespoke support of 94.50 has been clearly broken. Our profit targets will be 91.23...