Found this interesting fractal for LTC, pretty much speaks for itself. So right now we should be at the end of the blue phase, meaning LTC could see a decent leg up to ~140-150$ coming weeks, from there 200$ would be the next target.
To be honest, I wouldn't be surprised seeing this play out :) But we will see!
Stay safe!
CRYPTOCAP:LTC is almost completing a bullish reversal white-swan harmonic pattern on the daily.
I plotted the pattern using the exact required measurement for XB leg at 0.724 max and 0.886XD max.
The pattern gives a reversal area at $68.2
Longer-term price action for Litecoin (LTC) versus the US dollar (USD) is on the verge of challenging trendline support, extended from the low of $40.18. With price action failing to print any meaningful highs following the previous test of trendline support, a break below the trendline support could be seen and may serve as an early cue for completing a...
After 4 years of accumulation period, LTC is finally breaking up the long-term resistance since May 2021 when it reached ATH.
It looks like we are finally ready to take off.
CRYPTOCAP:LTC has honestly been having some sort of shitty price action in the previous weeks before now, it is also apparent that there's some bullish catalyst that is currently surrounding it, especially concerning positive news.
Speaking solely from the angle of price action and trend analysis, CRYPTOCAP:LTC has broken out from its long-term consolidation...
Friends, lets take a look back to 2016, before the infamous 2017 bull run began. We can see a lot of similarities when we zoom out and look at a 2 week chart to what we are currently experiencing.
Pay attention to the Stoch RSI, we saw a test of a similar ascending triangle before a pullback and consolidation for about 9 months!
I am not saying we will have to...
Hello again everyone, This is a continuation of my previous Litecoin analysis, the other one was getting really congested. If you want to see that one I will link it below as well.
Here is what I think, this correction is almost over. Unless something catastrophic happens like a black swan then this should be pretty close to done. I thought that MAYBE the...
Litecoin is repeating a much larger version of the run back in its earlier days as I show in the charts. This next move up in Litecoin is going to shock the entire cryptosphere. This is just looking at the chart and if the move repeats on a larger scale then Litecoin will probably be in $10000 dollar range. This might sound absolutely insane I know, it sounds...
Hello Everyone,
To fuel further bullish momentum, LTC/USD must establish stability above the 1-year Pivot Point (PP). Currently, the price has been finding support at the daily Pivot Point (PP), indicating a promising foundation for potential upside.
TradeWithTheTrend3344
Overview
As of the latest analysis, Litecoin (LTC) presents a mixed sentiment with a leaning towards a bearish outlook in the short to medium term. The currency's performance over the past week and month has shown significant declines, aligning with the overall sentiment depicted by the majority of technical indicators utilized.
Technical Indicators
Moving...
On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say.
The evidence for a collapse in Litecoin price action has only grown in the past few months.
A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe...
D1 - Bearish convergence
Currently it looks like a pullback is happening.
No opposite signs
H4 - Lower lows
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
CRYPTOCAP:LTC on htf is printing an extended BUTTERFLY harmonic pattern that targets $186 area as the first take profit zone that alligns well with the 0.382 fib resistance level.
As I always reiterate, priceaction will often dip back down blow the neckline of an inverse head and shoulders pattern after the first time it breaks above that nckline, so you never want to get too overzealous about the initial neckline breach like we can see litecoin has jsut made on its inverse head and shoulder pattern. Probability is fairly good that I will...
