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LTCUSDTPERP

LTCUSDT at monthly support, likely to bounce soon.The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.
Long
by angela_altair
For past gloryHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (LTCUSDT chart) (1D chart) While trading futures, there are times when you need to check the big picture movements. That's when a trade doesn't go well or when a big uptrend is expected. Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point. This roughly means that we need to consider whether we can hold it during the 52% uptrend. Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend. If you hold it, it is expected that you will have to overcome two major crises. 1st: 78.47 2nd: 90.43 We need to check whether the price will rise in the 1st and 2nd areas above. (1h chart) It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator. However, now the HA-Low indicator has been touched again. Therefore, we can see that we have reached a trend reversal section. Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range. If not, there is a high possibility that it will turn into a downward trend. However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position. If the price rises above 64.92 and holds, the target range is around 67.35-67.18. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
LTCUSDT support and resistances for high time frame tradesThe price hit the monthly support MS1 and bounced from there. It is currently trading above the monthly support MS1 and currently consolidating in price range around 64. This is kind of no trade zone for high time frame. All the high time frame resistances and supports are marked on the chart. A long is favorable if the price taps into the monthly support MS1 again. On the resistance side, first it will face 4h resistance 4HR1 around 73.5-75.5. That will be a level to short but not the best one. Next resistance level is daily resistance DR1 around 81.5-84 which is a better level to go short. Above that there is a weekly resistance level WR1 sitting around 91-94 offering the best shorting or offloading any long. For short term trade opportunities, we should look at lower time frame charts. If requested, I will look at low timeframe trade setups and share in a separate post.
by angela_altair
4
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC. Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward. Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario. However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price. We described more about the LTCUSD price movement after the halving here: Therefore, we have a critical level of $79. If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
48
LTCUSDT to hit weekly support and bounceThe price hit the monthly and weekly resistance confluence MR1+WR1 and got rejected from there. Currently the price is facing pullback due to that rejection. Next signifiant support is the weekly support where the price is likely to be headed. I expect the price to touch this weekly support zone for a good bounce. By the way, prospect of this one is looking good as it has pushed itself up strongly and moved beyond the downward trend line. The next strong support level is weekly support WS2.
Long
by angela_altair
Litecoin Halving Soon,what's Next?#LTC UPDATE LTC is creating a symmetrical triangle pattern in this daily time frame (basic about symmetrical triangle pattern) A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS #Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. #The breakout or breakdown targets for a symmetrical triangle are equal to the distance between the initial high and low applied to the breakout or breakdown point. #Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. The upper trendline is acting as resistance right now, and if it doesn't break out of this pattern, we may see a retest of the lower level of this pattern, which is also the golden level of fid retreatment. After the breakout of this pattern, we can anticipate a very strong bounce. LTC is encountering resistance at $102 but market sentiment indicates a breakthrough is on the horizon. The best exit place for short-term investors would be in the $130–$140 region if this barrier is broken, at which point LTC might start a bullish run. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%. In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$ Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021. A breakout of the trend line upwards can trigger a powerful impulse movement. Our first target is 130-135$. If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180 In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving". So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace. We described this in more detail, with graphs and comparisons, in our previous idea here: If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level. Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it. For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73. If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend. However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
42