In this LTC/USDT technical analysis, we explore a potential bullish reversal for Litecoin against the US Dollar Tether (USDT). As the price hovers around the buying area of 85 - 86, we anticipate a bounce towards 92 - 94.
Additionally, the LTC halving narrative provides a bullish implication for the cryptocurrency's future. Let's delve into the key technical...
#Litecoin 1hr. Chart Analysis
As per previously movements of CRYPTOCAP:LTC into #HarmonicWave Patterns of Butterfly Bullish trend is completed and now CRYPTOCAP:LTC moving under Ascending Broadening Wedge Pattern, it indicates always Bearish signal. It means, Soon CRYPTOCAP:LTC reach out towards lower of $89 soon in 24 hrs. after break-out of $90 again.
As...
The strategy utilizes a combination of trend analysis and momentum indicators to identify potential downtrends in LTC's price action. It aims to capture profits from downward price movements by entering short positions when the conditions align.
Despite of the upcoming halving event, LTC 1hr chart shows formation of H&S pattern. A down move till the trendline support is expected. It's only a chart based analysis not a financial advice.
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...
Risk----------$1.50
Reward-----------($-2.26)
1. Trend line pattern analysis.
2. Not my usual style of trading
3. Extremely big slippage ( Binance needs to stop this).
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...
LITECOIN 1-hr. Chart Analysis
At Present, CRYPTOCAP:LTC moving hourly into Ascending Broadening Wedge Pattern, that indicates the #Bullish signs for its Uptrend growth with another mark of $118 to $125 next but as per its coming Downtrend cycle, last time chances their availability of $96 to $102 also.
Lets see, either its perform perfect or give any breakout...
LTC COIN HALVING will occur on 5th August 2023
After this event the mining reward will be reduced by 50%
Which means the mining cost of a single ltc will be doubled
So I am expecting 50-60%
NFA/DYOR
LITCOIN 1-DAY CHART ANALYSIS
LTC Previously Running into Broadening Wedge Pattern and Now Break-out towards Bullish Flag Pattern. Now soon in July, LTC will be going towards $65-55 to retest its second last Lower-Low, after that it will be boost up into Bullish Mode and major chances to Break out previous All Time High in this coming BullRun.
Always #DYOR and...
This is for educational purposes only, do not take this as investment advice.
Guys! mark these levels and follow these trend lines.
Let us connect and discuss more possibilities on day to day basis.
We have Two plans for LTCUSDT Higher Time Frame..
Good This Is it is making Higher High and Higher lows, But On the Other side it is consolidating in a pattern..
Breakout/Breakdown of Channel Will lead to new targets of our Ltc trade..
#nfa
#dior
