Technical Analysis: #LTC (Weekly Update)
#Litecoin now trying to breakout the 238 days accumulation zone, if it could, this is just the beginning of new uptrend.
#Litecoin is almost ready to takeoff and looks too bullish, if today closing upper the trend line so it will ready to test its previous high and make new ATH at year end or earlier.
🥰If you find this...
In time W1, after a three-wave correction cycle, now after an upward movement with the failure of the swing and pullback, it has encountered support in the area of 61.8 Fibo, which must now be above the $75 range to break the dynamic trigger. Consolidate to advance to the $100 range supply zone. Therefore, if it is placed above the area, it will have the ability...
Litecoin DES currency is placed in a symmetrical triangle, so the exit from each side allows the possibility of 20% growth or fall for this currency.
There is a possibility of growth for this currency in the time of 4 hours because it is now in an important support range and we can have a long position with good risk and reward as mentioned in this video.
We...
The 200 EMA and a smaller trend that emerged on a daily timeframe have forced Litecoin into a corner.
Historically, 200EMA has been doing great work, and as long as we see the same results from it, we will see a breakdown in the trend very soon; if not, then 200EMA will turn into the support zone.
Swallow Team
I invite you to review the LTC pair to USDT chart. In this situation, we will start by defining the downtrend channel using the blue lines.
Going further, looking at the current price decline, we can determine a strong support zone from $67.55 to $66.41, which is also at the lower border of the channel.
Looking the other way, there is resistance at $68.76, then...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on LTC📚
👉As we can see price is still trading inside this falling channel, and price is sitting around our falling channel, where we will be looking for new bearish movement.
👉Meanwhile, as we are...
On 1W chart LTC is consolidating in the support zone and this consolidation is good for the next trend of the LTC in the bull market.
This is a good place to buy some LTC and hold for the long period and sell it during the upcoming bull run
Allocate only small portion of your overall investment portfolio for this. Preferrably less than 0.5%
Regards,
VectorAlgo
💎 Yello, Ladies and Gentlemen prepare for a thrilling opportunity with #LTCUSDT, as it's currently navigating through an ascending channel, hinting at a potential bullish leap.
💎 Upon examining #LITECOIN, we've noticed its consistent trajectory within an ascending channel over the past few days. Presently, with its strong upward momentum, should it break above...
#LITECOIN once again got some SUPPORT from the historical SUPPORT zone around $56 - $61.
Since August 2023 #LITECOIN took multiple SUPPORT and POST 140 days of price action a SYMMETRICAL TRIANGLE formation is seen with multiple new HIGHER LOW formations each time giving enough SUPPORT and possibly pushing the price to break out above the SYMMETRICAL...
LTCUSD is hinting at the potential formation of a trendline channel, indicating a structured path that could dictate its price movements going forward. This development suggests a clearer direction for LTC's future price action, offering traders and investors a visual guide to understanding possible support and resistance levels. As LTCUSD carves out this...
LTC broke the long downtrend from ATH , nothing is pending
with BTC dominance getting lower and lower after the ETF approval , LTC will pay Whales attention very soon
DCA from here and Chill
Litecoin has had several attempts to breakout from that upper resistance zone, but so far it has not succeeded in that.
We are keeping an eye on that branch of EMAs, and also that trend line = chance of seeing a correction to lower zones?
Swallow Team
