Litecoin has a huge Imbalance on the left side
- A strong base building can be seen in Ltc
- My targets would be 90,102,110$
- Risk shouldn't be more than 10% if you enter at current price
In this LTC/USDT technical analysis, we explore the potential for a bullish trend. The presence of a bullish order block and the recent halving event suggest a buying area and an anticipated price bounce.
Analysis (180 words):
1. Buying Area - 76-78 due to Halving and Bullish Order Block:
The recent Litecoin (LTC) halving event has significant implications for...
💎"Attention, Paradisers! LTCUSDT (Litecoin) is currently nestled within a strong trendline, hinting at a potential bullish surge. This robust trendline signifies a steady upward price movement, indicating possible bullish market conditions. For this bullish scenario to hold true, it's crucial for LTCUSDT to maintain its position above the trendline and show...
NYSE:LTC 1-hr. Chart Analysis
Litecoin moving under #FallingWedge Pattern from last 10 days, and it was created new #ATH of 2023 on 1st July 2023 at $115 and after that continously falling from previous All Time High Mark 10 days ago.
Under this Falling Wedge pattern and #FIBretracement markup points, mostly chances to reach out again $88 to $85 within coming...
LITECOIN 4H marked POI important level for LONG.
Once market mitigate that POI then we see a clearly a LONG Opportunity.
WHY LONG? Because we already know where the price will go.
I marked 2 HIGHS on chart first @107.16 05MAY22
And we can see rejection on 16FEB23 @105.86 price couldn't touch the previous High which is @107.16
CORRECT ME IF I'M WRONG!!!
This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (108.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
after recent breakout from 116
price has made its first pullback on hourly chart
it look like a channel consolidation
if the price breaks down then it might act as breakout and retest at 116
if it breakout above from the channel then 138 would be next resistance
Litecoin is making it's first green Heikin Ashi candle after 11 red ones on the weekly. Is it getting ready for a move up for the 5th wave?
Lemme know what you think in the comments below.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (185.9).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (173.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Based on the price action and historical movements as well as pattern formation, it is observed that a potential up move can be seen on pair LTCBTC.
If trend line breaks then buy but take 2-3 confirmations like ema, macd, candle pattern, etc. Enter on 1hr or 2 hr.
According to all the resistance and support of the past, we can conclude if it breaks $230 levels then it may go up in short term. Its just an prediction, invest on your own wisdom.
Yesterday , I posted this chart and within few hours $GTC started picking up heat even in a choppy market , now we can expect a retest of the previous resistance. On a successful retest , the resistance will turn into support and it is good to add to your positions in the fib range 0.382,0.5,0.618 , I will be adding in these three spots by splitting up , stop loss...
