Hello everyone, I'd like to share with you my current outlook on the Litecoin market, based on the technical analysis of the LTC perpetual futures contract. I've identified a formation that prompts some caution: a potential Head and Shoulders pattern that's taking shape on the daily chart.
This technical indicator is traditionally interpreted as a precursor to a...
In the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.
However, it recovered strongly, re-confirming $80.43 as a support.
The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.
A bullish break-out of $92.07 is needed to have a rally...
Hello friends,
Today i'd like to review the current status of LTC and the opportunity pitched to the bulls over the past few days in the month of march 2024.
Taking a step back first, looking at the daily. Our first major indication is the money flow and it's direction. Since November of 2023 money flow has crossed into the green signaling bullish...
its a weekly chart with news about ltc so i am positive about ltc it can go up but do not invest more than you cannot afford to lose and never go with high risk just buy into different parts best of luck Litecoin Core Upgrade (Litecoin Core v0.21.3rc3):
Purpose: The latest core upgrade for Litecoin introduces several key improvements and features.
Security...
My view, LTC shows a clear pattern of inverted head and shoulders on the 4 H timeframe. Price 97 is my target, invalid if it fails to fall below the neckline. additionally, on tf daily the resistance area is at 99.68 - 106. NFA! always use a safe risk ratio, set a target and stop loss for your trading plan.
LTC is rising to the $95-$100 price range to form a Head and Shoulders pattern in the D1 time frame.
If the scenario is correct, LTC will then fall to the $55-$68 area or lower
LTC looks to be following DOGE, up to first quarter next
Coinbase BCH, DOGE, LTC futures narrative heating up
Also, let's not forget that DOGE and LTC are merge mined
LTC has the potential to pull out a 50x move this cycle. 1.618 of the previous wave gives a target of about 4.2k 4.4k for this asset. a 50x move is gonna push the total market cap to over 300 billion dollars which is way too much. that's the only source of doubt i have about the 50x target.
Hello Everyone,
The long-term trajectory of LTCUSD appears to be gradually shifting towards a bullish outlook. It's crucial to monitor key resistance levels at 83.322, 88.579, and 104.347. The weekly support is showing resilience, and notably, the 1-year pivot point has served as a support.
TradeWithTheTrend3344
I posted this earlier with the monthly. I meant to include the weekly. I drew these in June of last year. I'd recommend drawing these lines for yourself on the weekly or monthly and looking across different time frames. It's an interesting chart.
Seems we're getting close to a major repricing event. Time will tell.
I drew these lines on June 26, 2023 and we are in a very interesting spot. Confirming support at channel bottom before launch? We gonna make it through? :)
Stay tuned...
Check Chart
Just gotta Hold on them and don't sell...
Last time I bought on ETORO I bought thinking it was the Trip up to the 1000.00 USD MARK / 4000.00 USD Mark and I've got like 180 in loss on .99 of a coin. [Its possible but no Mark of equation, 260 is the goal objective.
Litecoin (LTCUSD): BINANCE:LTCUSD
For Litecoin, the analysis starts from December 2018, focusing primarily on the activity from 2021 to the present. It indicates that the major Wave II concluded at $41.60, and currently, Litecoin is in a major Wave III that is expected to exceed $413, representing a potential increase of 450%. This projection is based on a...
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned...
