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LTCUSDT

LTC/USDT Potential for Bullish Reversal Ahead of Halving Event ! The upcoming Litecoin halving event, scheduled to occur in one month, adds to the bullish narrative. Traders and investors should closely monitor these factors as they could present promising trading opportunities. Buying Area at 90-93: The LTC/USDT pair has historically exhibited strong support levels within the range of 90-93. This range has proven to be a significant area where buyers have entered the market, leading to subsequent price increases. Traders seeking to initiate long positions can consider buying within this range, as it offers a favorable risk-to-reward ratio. Expected Price Bounce towards 125-130: Based on recent price action and technical indicators, there are indications of a potential price bounce for LTC/USDT. We anticipate the pair to move towards the range of 125-130, which has previously acted as a notable resistance level. LTC Halving as a Bullish Factor: An additional bullish factor for Litecoin is the upcoming halving event, scheduled to take place in one month. During halvings, the block rewards for miners are reduced by half. This event has historically triggered a supply reduction and increased demand, leading to price appreciation. Additionally, monitoring market developments and adjusting stop-loss levels as the trade progresses is recommended. Conclusion: In conclusion, the technical analysis of LTC/USDT suggests the potential for a bullish reversal. With a buying area between 90-93 and an expected price bounce towards 125-130, traders can identify favorable trading opportunities. The upcoming Litecoin halving event adds to the bullish narrative. However, it is essential to implement effective risk management strategies and stay informed about market dynamics.
Long
by Un_trade
LTCUSDT : Descending Channel Time Frame: Daily Structure : Descending Channel: A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. Price Currently took support at Trend Line Support Zone Moving Average: 150 MA : In the daily time frame price is observed below 150MA, which indicates the short term trend is still on the bearish side Expectation/Probability : Price can reverse from the current support level till the 90$(Bullish) or Price Can Break the Channel Support then it may fall till 30$(Bearish)
Long
by TheNewsCrypto
💡Don't miss the great buy opportunity in LTCUSDTrading 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 support. . The RSI is at 58. Take Profits: TP1= @ 195.5 TP2= @ 207.5 TP3= @ 219.7 TP4= @ 232.1 TP5= @ 248.1 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6
💡Don't miss the great buy opportunity in LTCUSDTTrading 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 dynamic support. . The RSI is at 60. Take Profits: TP1= @ 188.91 TP2= @ 208.91 TP3= @ 232.29 TP4= @ 247.44 TP5= @ 263.57 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
💡Don't miss the great buy opportunity in LTCUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (180.00). . 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 63. Take Profits: TP1= @ 197.00 TP2= @ 207.90 TP3= @ 229.90 TP4= @ 247.10 TP5= @ 261.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
1
LTCUSD possible upperside breakout was expected in h4 LTCUSD After reaching around 250.00 LTCUSD has started to falling and reached around 200.00 which is a major psychological level and this level also coincides with .618 Fibonacci which will act as dynamic support and resistance for both bull and bear.In Elliot wave principal we can see Wave D was already completed and the Wave E is underway. We can expect another round of Elliot impulse wave after the completion of Wave E' Irregular triangle pattern was forming since the end of January.Upper side breakout will be a possible outcome Currently the price is well below the .618 Fibonacci if the price remain this Fibonacci then it might reach around .50 Fibonacci level which is around 182.00 and this level will act as medium term support for the bull. And 50,100,200 EMA was acting as resistance for the bull in 4 hour time frame. 0.50 Fibonacci will inclined with the lower side of the trend line which will be a good entry point for the bull. Ichimoku cloud has turned red which is a sign of medium term bearish trend Trade call Buy limit @ 183.00 Take profit @ 280.00 Stop lose @ 149.00
COINBASE:LTCUSDLong
by forexorbit
1
💡Don't miss the great buy opportunity in LTCUSDTTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (186.20). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 50.79. Take Profits: TP1= @ 229.20 TP2= @ 246.00 TP3= @ 277.00 TP4= @ 309.20 TP5= @ 352.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4