🕵️♂️ Let's delve into the analysis of Litecoin, one of the oldest cryptocurrencies, which has managed to remain in the top 50 coins. We'll analyze it for trading in futures.
📈 In higher time frames, Litecoin remains within its box, similar to some other cryptocurrencies. After breaking the resistance at 109.86, it has the potential to start its upward trend.
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FOCUS ON LTC.
A theoretical and technical analysis of these two major coins price movements.
LTC's recent monthly price metrics is reminiscent of BTC's September 2023 movements before it shot up from 20k to 40k. As we speak, it is following the DNA of that certain movement. We are now at the critical heat point for that X2 surge.
BTC post surge price touched...
LTC is one of the OG coins which has been going sideways for almost 6.5 years. It has formed a double bottom and recently broke a trend line dating back from 2021. LTC is retesting the trend line and will most likely bounce back up. I'm buying more LTC.
Litecoin bounced off the upper boundary of descending channel. Asset bounced off the resistance level. Bearish movement to support level 80 is expected to happen.
This is my third and final attempt at a Litecoin pump, this coin seems to be ready for a huge green redacted candle.
I'm buying with low size and will increase as it begins moving favorably. This trade should last around 3 months.
P.S yes, i'm serious with that tight stop-loss.
LFG
Price has been forming a series of higher highs and higher lows and this is positive sign and indicates increased demand and confidence among buyers.
Therefore, LTC is very bullish. All attention should be on this immediate support level
now that daily bullish engulfing is what I have been expecting if this was going to be a wave 4-green Triangle. We now have a new invalidation level ($84.18) which presents us with a better risk reward ratio than before (3RR).
PREVIOUS ANALYSIS
OTHER ANALYSIS
The Bearish Bat pattern is a specific type of harmonic pattern observed in financial markets, particularly in technical analysis trading. It is considered a variation of the Gartley pattern and is formed by a convergence of specific Fibonacci levels. This pattern is named "bat" due to its resemblance to a bat's wings.
Here are the key characteristics of the...
Upon examining the #Litecoin chart on a weekly timeframe, we can see that the price is currently trading around $81.5 and there is still an opportunity for further analysis for long-term investment. The demand zones are respectively from $67 to $72 and $53 to $59, while the supply zones are $93.8, and from $112 to $134. The targets for this cryptocurrency, in...
LTC continues to lose bullish steam
The price was brokeout by a complex pattern and currently confirmed a bearish wave.
It may be temporary, but it may also move further down to the second target.
We have seen several times that LTC suffers from the bullish volume problem.
On the other hand also BTC is not clear and it can push all the crypto market down
in...
Litecoin is another one on our radar, for the same reason Polkadot was.
200EMA is being tested yet again, and we are seeing high chances of rejection happening from here!
If all plays well, we should see the movement in the next 48 hours, so we are waiting for further confirmation here!
Swallow Team
Contrary to the previous setup, I have seen a scenario where the invalidation level could become a stop hunt, so what to do is simple; either cut position in half to reduce risk or hedge it with a spot or just close the entire position right now at a minimal loss. BINANCE:LTCUSDT
PREVIOUS ANALYSIS
OTHER ANALYSIS
👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in LTCUSDT for scalping and swing trade
Please refer to the details Stop loss, FVG(Demand Zone), Supply Zone for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your...
Litecoin is back, and this time in the daily timeframe.
Here, our attention is all on that 200EMA, while multiple times it has been a zone of bounce for the coin.
Pressure is high and demand is high in that zone, so we are looking for any potential candles to secure this zone fully in order to see a full-scale movement to lower zones here!
Swallow Team
