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Litecoin perpetual future quoted in USDLitecoin perpetual future quoted in USDLitecoin perpetual future quoted in USD

Litecoin perpetual future quoted in USD

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LTCUSD.P trade ideas

LTCUSD TRADE IDEATrade Setup: Entry Point: Buy Litecoin at the current price or on a pullback to the 50% retracement level ($70.30). Target Levels: Partial Target: $70.30 (50% retracement level) Full Target: $71.52 (next resistance level) Stop Loss: Set a stop loss below the recent swing low, perhaps around $69.00, to limit potential losses. Risk Management: Use a position size that limits your risk to no more than 1-2% of your trading capital. Trade Rationale: Anticipate a bullish reversal at the 50% level. Targeting $71.52 allows for capturing the next significant resistance, with potential for further upside if momentum continues. Monitoring: Keep an eye on market sentiment and any relevant news that could impact Litecoin’s price movement. Adjust stop loss to break even once the trade is in profit. This trade plan outlines a clear entry, target, and risk management
BITSTAMP:LTCUSDLong
by BLUECAPITALTRADERS
Litecoin Gearing Up for a Bullish Breakout: Time to RideLitecoin Gearing Up for a Bullish Breakout: Time to Ride the Trend? The investors and traders have turned optimistic about Litecoin after a recovery was noted in the recent sessions. Positive MVRV ratio and rising social metrics indicate a potential for rise in the crypto. Litecoin (LTC) traders and investors have turned optimistic after the price noted a strong rebound in the recent sessions. Litecoin made a strong recovery adding nearly 10% in the recent sessions. Amid the recent recovery, the bulls seem to be regaining control at the lower levels and the price may head for a bullish breakout. The daily chart highlights the formation of an interesting channel with a potential breakout that would mark the end of a correction phase. Litecoin Gains Boost Investor Returns In tandem with a rebound in the price in the recent sessions, a significant development was recorded in an important metrics: MVRV ratio as per Santiment. MVRV ratio is an on-chain metrics that evaluates the market's profitability. It indicates whether the investors may get profit or loss if they liquidate their holdings at the moment. It also helps to identify when the price is overvalued and when it is undervalued. As of now, the 30-day MVRV ratio was at 30.1%. It suggests that if every holder liquidates their positions at the moment they would yield a positive gain of nearly 30% on their investments. Moreover, the 7-day MVRV ratio was 103% indicating a more percentage of holders sitting at unrealized gains. Both the 7-day as well as 30-day MVRV ratio curve were placed above in the bullish territory, suggesting the Litecoin holders enjoyed a positive return on their investment. Furthermore, the social metrics like social dominance and social volume curve were headed higher indicating the increasing participation of the social media users. The community sentiment indicates 69% bullish biasness indicating a possible price rebound. Can Litecoin Mark A Bullish Reversal Next Month? The recent rebound in Litecoin price indicates a short term bullishness in the crypto, however, the long term trend still awaits to claim a bullish territory. The volume to market cap ratio at 6.6% suggests mild volatility. From a technical perspective, LTC has surpassed the 20 and 50 day EMA indicating a bullishness. Moreover, the daily chart highlights the formation of a declining parallel channel pattern with the price hovering close to the upper boundary intending a breakout scenario. On the higher side, the breakout of the declining channel above the $68 level would mark a bullish reversal in the crypto and the price may resume its journey towards north. On the contrary, if the bearish pressure exceeds and the price breaks below the $60 level, it may invalidate breakout scenarios and the price may extend the losses again maintaining the preceding correction phase. Litecoin (LTC) made a strong rebound, gaining nearly 10% recently. The 30-day MVRV ratio is at 30.1%, indicating potential 30% gains if holders liquidate now, while the 7-day MVRV ratio is 103%, showing high unrealized gains. Social metrics are also positive, with 69% bullish sentiment. From a technical perspective, LTC has surpassed the 20 and 50-day EMAs, suggesting short-term bullishness. A breakout above $68 could signal a bullish reversal, while a drop below $60 may continue the correction phase. The volume to market cap ratio at 6.6% indicates mild volatility.
CRYPTO:LTCUSDLong
by Ritika_TCR
LTC processed gains of more than 32%Over the daily chart, the price has built a yearly high of $112 by April 1st, 2024. The price of LTC fell, which formed a support this month at a historically proven support zone of $50, after dipping as low as $49.90 by August 5th. Last two weeks the price of LTC processed gains of more than 32%. It traded at $65.48, with intraday growth of nearly 4%. The price has launched a projectile toward the long-coming down dynamic trendline and seems poised to pierce the EMA bands from below. Similarly, as observed by other oscillators on the daily chart, it's evident that the price seeks more growth. As MACD showed a bullish cross, where the histogram was at 0.71, and the RSI curve has taken support on 14-SMA at 50.98. Over the daily chart, the confirmation could be achieved for further propulsion in price, based on the sustenance developed above the CHoCH level of $74. Over the daily structure, short-term targets can be achieved if a breakout prevails. Based on the Fibonacci retracement tool, the targets could be at $115, $145, and $176, respectively
COINBASE:LTCUSDLong
by Sam_TCR
Litecoin Nears Annual Low: Potential Rebound or Further Descent?Litecoin Nears Annual Low: Potential Rebound or Further Descent? Litecoin price was trading close to $74.28, recording a slight intraday loss of 0.44%. The weighted sentiment curve has dropped below the zero line indicating the bearish dominance in the crypto. Litecoin price has been in a short term declining trend after the breakdown of the psychological $80 level. The price has retraced the annual lows and might be at the risk of falling lower if resumes with the ongoing short term trend. Moreover, there has been a notable shift in the weighted sentiment curve in the recent sessions. At the time of writing, the LTC crypto was hovering close to $74. recording a swift intraday loss of 0.4%. Litecoin is the 20th largest cryptocurrency with a live market capitalization of $5.54 Billion. It has a daily transaction volume of nearly $176.37 Million. Out of 84 Million LTC tokens, 74.67 Million tokens are presently in circulation. Weighted Sentiments Curve Indicates Selling Continuation. The Litecoin price dropped sharply in the recent sessions after the breakdown of the recent support of $80. The breakdown of the support level turned the weighted sentiment curve towards the bearish side. The above data displays the change in positive, negative, and overall weighted sentiments regarding LTC crypto. As per the data, the positive sentiments dropped thus tuning the weighted sentiments curve below the zero line in the bearish zone. The weighted sentiment curve reveals the current bias about LTC whether it is bullish or bearish. A positive sentiment dominates until the weighted sentiment curve is maintained above the zero line and vice versa. What's Next For Litecoin? From a technical point of view, the Litecoin price has dropped below all the key exponential moving averages of 20, 50 and 200 days indicating a bearish outlook in the short term as well as long term. Now, until the price is maintained below the key EMAs of 50 and 200 days, it might be a sell on rise opportunity for the short term traders and investors. The price needs to surpass the $80 level in order to reclaim the bullish territory. At the time of writing, the RSI line was placed at 36.73 and that of the 14 day SMA line was at 37.37 points. Both the lines were placed below the mean line indicating bearishness in the trend. Conclusion. Litecoin (LTC) is facing a bearish trend, having fallen below the crucial $80 level. At the time of writing, LTC was trading around $74 with a modest intraday loss of 0.4%. The market sentiment has shifted negatively, with a decrease in positive sentiments. It ranks as the 20th largest cryptocurrency, with a market cap of $5.54 billion and 74.67 million tokens in circulation. From a technical aspect, LTC price is below the 20, 50, and 200-day exponential moving averages, suggesting a bearish outlook for both short and long term. The RSI and 14-day SMA are below the midpoint, reinforcing the bearish sentiment. The price must break above $80 to turn bullish again.
COINBASE:LTCUSDShort
by Ritika_TCR
trading volume rises and the LTC chart risesAccording to the chart’s layout, Litecoin hasn’t been significantly impacted by the recent bull run in the cryptocurrency market. It has exhibited a gradual but consistent growth till now. In February last week, the LTC price achieved slight bullish momentum, but bulls were not too strong to keep the pace up. In the past few weeks, the sellers have been attempting to push the price below the 200-day exponential moving average. However, buyers have managed to defend the 200-day EMA so far. Based on the technical indicators, the MACD has continuously developed small histograms over the last few days. Signal line and MACD lines appear to be gaining buying momentum. RSI is 51.01, which has just surpassed the 14-SMA from below and seems headed toward the overbought zone. Can Litecoin Claim $100 Mark? Let’s Decode On Daily Chart At the press time, the Litecoin price traded at $83.24, which is up by 1.01% in the past 24 hours. The market capitalization is $6.21 Billion, and the 24-hour trading volume is $271.14 Million. Litecoin's price has been on an upward trend, increasing while finding support on the trendline and key moving averages. For the last few days, the Litecoin crypto price has been facing hurdles from the dynamic 20-day EMA, but recently it has jumped over it with a weekly performance showing 2.36%. If the trading volume rises and the LTC chart setup appeals to potential investors, the Litecoin asset price could experience bullish momentum and could aim for the $100 obstacle in the future. Moreover, buyers may start accumulating if the Litecoin price reaches and holds above the previous swing high of the $88.50 price mark, it could spike above. In a scenario, if the price triggers a breakout from this hurdle at $88.50, then buying momentum for the long term can be expected to test the supply level. Likewise, once the supply happens to be breached, the doors would open for more upward momentum. However, should the LTC cryptocurrency price fall below the trendline or the previous swing low at $78, there could be a short-term increase in selling pressure. Meanwhile, if buyers fail to defend the $60 resistance, then selling pressure for the long term can be observed.
COINBASE:LTCUSDLong
by Sam_TCR
Litecoin Bottoms Out From Monthly Lows: Bullish Trend on the Hor Litecoin Price bottomed out after retracing multi month low value and reclaimed $80 level. The increased active addresses and OI data validates the possibility of further growth. Litecoin encountered a strong support near the multi month low value and jumped higher after retracing the level of $77. The bulls have reclaimed the $80 level however, further gains need the attention of large players. Let's look into a detailed way including the recent activities performed on the on chain by the large players and try to understand the further path of the LTC crypto. Active Address Revisists Two Month High! According to information from the well-known financial website app.sentiment.net, there has been a notable increase in active addresses, reaching a peak not seen in two months. This surge in active addresses is a favorable sign, suggesting a rise in user engagement. It could also signal a positive shift for the cryptocurrency, potentially marking the conclusion of its recent corrective trend. A positive shift in active addresses typically correlates with bullish momentum in the cryptocurrency's price. This metric reflects the volume of transactions occurring within a specific timeframe. OI Data And Total Supply In Profit Suggest More Room For Growth! While Litecoin's price remains in an uncertain range, the significant increase in Open Interest (OI) data underscores the market's bullish sentiment. The value of open contracts has soared by nearly 50%, climbing from $350 million to $440 million within a week, indicating a broader market recovery, with Litecoin poised for an early rebound. It's noteworthy that 55.6% of Litecoin's total supply is currently profitable, and this figure has been rising steadily. A smaller percentage of total supply in profit typically implies potential for further price appreciation. Generally, a cryptocurrency is considered to have reached its peak when the total supply in profit exceeds 90%. The market analysis indicates that Litecoin's value is stabilizing at a robust support level, which has been consistent over several months. The scenario is poised for substantial investors to initiate long positions. For short-term traders, the $90 and $100 levels could serve as targets for realizing profits. Conclusion. Litecoin (LTC) crypto encountered a strong support near a multi-month low and rebounded after plummeting below the $80 level. Furthermore, an increment in active addresses and a 50% surge in Open Interest to $440 million suggest a bullish market sentiment and a potential termination of a correction phase. Currently, 55.6% of Litecoin's supply is profitable, hinting at room for growth. Market analysis shows Litecoin stabilizing and attracting significant investor interest, with $90 and $100 as potential profit-taking zones for short-term investors. Overall, Litecoin appears promising for investment if market uncertainties subside. Technical levels: Support levels: $80.07 and $77.27 Resistance levels: $90.37 and $94.27
CRYPTO:LTCUSDLong
by Ritika_TCR
The Litecoin price has shown an upsurgeThe Litecoin price has shown an upsurge from the demand zone from $60 and reached the top at $110. The Litecoin asset is showing bullish traits and highlights that it can achieve more growth. It has demonstrated good performance in the past week, month, and three months by 23.84%, 38.54%, and 41.07% respectively, indicating a reliable upward trend. At the time of writing, Litecoin is experiencing a fall of 5.96% in the last 24 hours and is currently trading at $102.67. Therefore, if the demand for the Litecoin price asset increases, it could bounce back from the current level, strongly on the daily chart. The next target for the price is to reach $120, and $130. However, if the Litecoin crypto price fails to stay above the previous swing level at the $95 level, it could decline further and reach lower levels in the process.
COINBASE:LTCUSDLong
by Sam_TCR
Litton Ready for $1000 in bull market?#LITECOIN will pump very hard, you bid yet or not? - CRYPTOCAP:LTC - Litecoin Price Projections: Bullish short & long-term outlook based on Past market history. - Price Targets: Short-term: $500 Long-term: $1,000-$1,400 - Accumulated substantial LTC holdings during the recent dip. Ideal risk/reward entry point secured. - Next Steps: Will provide updates on exit strategy specifics as bull market momentum accelerates. Locking in gains at optimal intervals is the priority.
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BITFINEX:LTCUSDLong
by CryptoPatel
3
LTC: W Pattern Formation Suggests Potential Bullish Reversal💎 LTC is currently forming a W pattern within a supportive trendline and in a demand area. Historical price actions indicate that after the formation of the W pattern, LTCUSD has experienced significant upward bounces. 💎A breakout above the small resistance level at the top of the W pattern could signal a bullish move. Alternatively, the price may pull back to the demand levels, which could serve as favorable entry zones. 💎However, if the price breaks below both demand zones, it would be considered a bearish scenario for LTC
KRAKEN:LTCUSDLong
by MyCryptoParadise_Nathan