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LTC Pump & DumpLTC is over extended. Its a slow trailing coin. And has been over pumped. This may be because exchanges are looking to short the market and get rid of peoples margin accounts, or maybe for other reasons. The created of LTC tweeted to his LTC users to not be surprised if this goes back down to $50 levels.
There are multiple areas of support $200 level, $150 level and $100 level. Not sure how bad this dump will be but be cautious
LTC Bull VS Bear anticipated actions.LTC has a crowd of Bears behind it as well as the Bulls pushing it up. Where LTC lands for it's correction no one's really sure. This is just one possible outlook if the bull was to end soon and the bear pull back was to begin. I don't expect the bears to bring it down any further then 38% of this entire rallys growth if they were to start the downward trend. This is purely speculative, as I really have no clue what LTC is about to do. Simply take this as a grain of salt.
LTC Hourly SupportLTC against USD testing hourly support. A break to the upside, which I believe is unlikely, moves to targets at 64 and 69 where previously established resistance lies. If support does not hold, there is support at 60.40, then stronger support at 57 and 55. These present, in my opinion, solid buying opportunities. The long term trend on the weekly chart shows consolidation, which is the gently sloping horizontal line in the chart. As I believe LTC is still in this pattern, I expect regression below this level.
The 2X failure has changed the BTC landscape, but overall crypto market cap remains stable just north of $2B USD, indicating a shift to alt's. ETH is currently enjoying a short bull run, which I do not expect to sustain, given the woes in Parity wallet and talks of a hard fork as a result. This news could likely push funds to LTC or BTC.
LTC Hourly Support TestLTC losing some momentum after being unable to break to higher highs on the hourly.
We are testing the hourly higher low pattern and close to losing it, so the bulls need to show up this morning.
ETH standing out clearly as the bull of the two over the last 12 hours, with momentum vs. weakness.
LTC will do just fine as it broke out on the daily 2 days ago and saw continuation.
I believe ETH is in the spot light right now as a short term trader but will constantly monitor LTC for that to shift.
Break the hourly higher lows and that means take a step back and be patient for the bulls to establish a new level of support.
LTC 4 hour Equilibrium LTC seeing higher lows and lower highs on the 4 hour in a tightening range.
Still correlating to BTC moves but BTC is the leader and seeing bigger gains for the bulls.
Watching for a break of this range sometime today to indicate direction and momentum heading into the weekend.
Bulls have favor due to the clear reversal in trend for the BTC bulls.
Current correlations make it difficult to choose trading LTC over BTC, but volume coming in fast has a greater impact on short term moves.
The periods where it favors playing LTC are usually short lived, but traders can take advantage of them.
LTC Bear Correlation with BTC ContinuesLTC has been weaker than BTC for days as the LTC/BTC chart shows, with many red 4 hour candles in oversold territory.
This means that as the bears take over BTC the weakness in ETH and LTC will be magnified.
The hourly RSI is already in oversold conditions and trying to bounce while BTC is not oversold on the hourly yet.
We are in a very tight, low volume daily range and $50.35 is a must hold level to stay within this range and to look for the equilibrium pattern to continue playing out.
The bulls are trying to form a higher low on the hourly right now and if it holds and we break the high of the bounce in the $52.50s the bulls will have regained momentum.
LTC big potential to growLTC has market cap under $ 4 bil. , BTC has market cap over $ 70 bil . LTC with low transaction costs and quick speed has great potential for small transactions. Realistic evaluation seems to me about 10 % of bitcoin market cap , i.e. growth of over 100 %. Its just my guess but LTC seems to be the most usefull coin for normal use and therefore should have big potential to grow.
LTC Bullish ConsolidationLTC and BTC bulls trading off all time high runs.
I traded LTC $63 to mid $66s and have flipped back into BTC and ETH this morning while LTC consolidates.
This staggered run pattern between these 3 bulls is ideal for trading back and forming between them to catch bull momentum, and skip consolidation.
Watching for a pattern to tighten up today and give a clear break this evening.
LTC is not feeling so "Lite" right now..To all those in LTC, this is only a warning, be careful, to all those not in LTC, don't touch it until it breaks the downtrend pennant. You've been warned.
TL;DR Relax, don't do it, when you want to go to it!
Currently shorting LTC, if you want to know why, the chart speaks for itself, now get off my lawn!
TP: The ambulance in the chart.
LTC about to moon beyond your wildest imaginations - Part IIBesides this indicator, other indicators, such as RSI, StochRSI, and volume, show that litecoin has been oversold on both pairs, on multiple time-frames (short and mid-term). Volume is also increasing rapidly, and LTC development and community activity has never been this high. With bitcoin possibly hard-forking in August, smart money is on/should be on litecoin. Litecoin is, fundamentally, an extremely strong cryptocurrency, with a dedicated community, well-known developers in the crypto-sphere, a fair launch, and a very strong network (blockchain).
Litecoin could be the most rewarding investment of this year.
Targets:
By August: $50 per LTC
By December: $100 per LTC
Sincerely,
Fuderick
LTC/BTC compared to BTC/USDCould we get something similar to the green boxes in the next bitcoin bubble?
In the past here has been a strong move down in ratio that precedes the big rise...which possibly represents the lag of people first riding the BTC/USD wave, then liquidity from profits taken there flows into LTC/USD which is much more prone to huge swings in volatility and easier to rise % wise. Interestingly enough, in the third rectangle which represents the LTC Halving, there was no dip before the rise first, which possibly represents that in this instance LTC initially sparked the rally in both markets.
LTC/BTC FractalIt should be interesting to see what happens with LTC/BTC in the coming weeks, something similar to what occurred in the white rectangle could be developing...LTC/BTC throughout it's lifespan has had these huge corrections (sometimes full retraces) which are then followed by sharp bubbles up. I could also very likely see this dump ending at around .00585 support where the double bottom occurred as indicated in my previous chart.
Personally I do not think ltc is dead so its tough for me to see it not bouncing back at some point but at the moment it seems like there may be a decent amount of dumpage to come. History says these are great buying opportunities. To me as long as ltc's hash rate keeps chugging along and it is popular in China it's not going anywhere. Just my opinion.
LTC | ALTCOINS | Sinking Ship? Verdict is inLTC has been a topic of many discussions during 2024, with the biggest question being around it's ability to reclaim past highs (and make a new ATH).
Similarly to UNI and ADA (to name a few), Litecoin has been unable to break out above it's immediate major resistance zones. This goes to show that there are bag-holders creating major supply zones. This is NOT GOOD for any coin, as it really damages it's potential for organic growth.
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BINANCE:LTCUSDT
LTC trianglesLTC price action goes through descending triangles. Every triangle takes longer to play out (lengthening cycles)
First triangle was from mid 2017 to beginning of 2019. (yellow triangle)
Second triangle from beginning 2019 to 2021. (orange triangle)
Third triangle took from 2021 till 2024. (red triangle)
The base of every next triangle is set at the last upper touching point of previous triangle (last candle that touched resistance before breakout).
Bullrun after breakout from red triangle was rejected for now by green line, which has been important level since 2018 (app. 100 EUR). It also coincides with the last touch point before breakout from red triangle. This green line is very important level LTC needs to break before it can go into bullrun mode.
Stoch RSI on the monthly is below 20, curving towards the upside. And RSI on LTCBTC chart has been creating higher lows since January this year while price action has been making lower lows (bullish divergence).
Could this be the much needed push?
LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time.
The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
LTC ANALYSIS (4H)LTC appears to be within a large corrective pattern such as a diametric or an expanding triangle.
If we look at LTC in more detail and refer to the hourly time frames, we see two liquidity pools at the top and bottom of the chart (which we denote by $$$).
The best range for the sell/short position is the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You