After predicting the previous inverse head and shoulder (IH/S) pattern that broke out to $97, I present to you yet a new IH/S pattern drawn in the chart.
The target is $110. Notice the next Fib level after the completion of this this pattern is $130.
Litecoin has been stuck in a range since January 2023 while maintaining the higher lows trendline that started in October 2022 and now has a cluster of support to sit on while preparing for a bull run. This bullish prospect is only confirmed when a weekly candle closes above the resistance cluster of 1W MA 100/1W MA 200/horizontal resistance. We can look for a...
Litecoin (LTC) technical analysis:
Trade setup : Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
...
Litecoin may hit soon 1.618 fib extension to end an impulse that may be the 3rd wave.
Pivot point to the 4th wave 83.36, if will break down I doubt that this trend will continue upwards. keep in mind this!!!
I will put updates soon as will see more price action!!
Hit the like button if you like my analysis and follow me for future updates!
Good luck!
Hey traders 👋
LTC/USDT is going to be the starter of the day where we see a nice flag where we see loweer highs and higher lows forming with every push and drop!
We are looking here for that upper zone of $94 to be filled for a potential nice drop to happen here! What do you think guys? - Remember EMAs have been clearly broken here!
If you like ideas provided...
Litecoin has been in this channel since last May. We hit the bottom of the channel and saw a rally up. We can expect Litecoin to rally to the top of the channel and see what happens there weather its a rejection or breakout.
Local level on a round number. The instrument is growing in volume, there is activity in the glass. At the moment, a local level has been formed with two touches in the continuation of the long movement. The graph clearly shows the trend of impulse exits from such consolidations. I recommend going in after breaking through the level.
💎LTC is currently on a promising trajectory, forming an ascending channel, and there's a strong possibility it might continue to follow the Elliot Wave pattern from 1-5.
💎It's trading in a high-demand zone, which further bolsters the bullish outlook.
💎keep an eye on the lower low area - if the price breaks below this, it could signal a shift out of the bullish...
Hi there,
I like to share you my idea of my long setup for LTC.
As the halving is getting closer, we might have a good opportunity for a long position insight.
(Blue vertical line LTC Halving)
(Gold vertical line BTC Halving)
As we know from history, after the last LTC halving the price decrease.
We were in a bear market at that time. After the BTC halving,...
Litecoin Sees 55% Increase In New Daily Addresses As Bullish Sentiment Grows:
Bullish sentiment around Litecoin has been on the rise as the network is drawing closer to its much-anticipated halving event. This positive sentiment is reflected in the number of new daily addresses on the blockchain, which has seen a significant rise over the last...
Litecoin Bullish Chart Analysis
Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing.
The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop...
"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart.
Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes...
