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LTCUST.P trade ideas

LTC/USDT: Bullish Momentum After Halving and Bullish Order Block 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 the cryptocurrency's price. As the block reward for miners gets reduced, the overall supply decreases, leading to potential upward pressure on the LTC/USDT price. This scarcity factor often drives demand and can result in a bullish trend. Moreover, technical analysis reveals the presence of a bullish order block in the 76-78 price range. A bullish order block is a significant price level where buyers have shown strength and absorbed selling pressure in the past. It serves as a strong support zone, which makes it an attractive buying area for traders looking to enter the market at a favorable price. 2. Price Projection - Expecting a Bounce to 96-100: With the confluence of the halving event and the bullish order block, we expect the LTC/USDT price to experience a notable bounce. As the buying interest increases around the support area, the price is likely to gain momentum and move towards the resistance level at 96-100.
Long
by Un_trade
LTC/USDT : Bullish Reversal Ahead Amid LTC Halving Narrative ? 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 indicators and chart patterns. Considering the current market sentiment, there is a strong likelihood of LTC experiencing a bullish bounce in the near term. Our analysis suggests that once the price finds support at the buying area, a possible rally could take LTC towards the resistance zone of 92 - 94. It is important to monitor the price action closely to confirm the upward momentum before entering any long positions. Adding to the positive outlook is the LTC halving narrative, which has historically had a bullish implication on the cryptocurrency's price. LTC halving occurs approximately every four years and results in a reduction of block rewards for miners, decreasing the new LTC supply entering the market. As demand continues to grow, this limited supply could drive the price higher in the long run.
Long
by Un_trade
LITECOIN under Bearish Mode#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 per this Harmonic Wave signal, it's next cycle goes to completion with final cycle on Bullish trend towards $100 again up to next week. Always read research and analyse pattern, signals, waves and indicators before starts any trade and trade with using of #StopLoss, It's #NFA & #DYOR also, LIKE, SHARE & COMMENTS on it...
Short
by AskToRahulSirohi
LITECOIN - Falling Wedge PatternNYSE: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 3-5 days, if market is not suddenly Pumping out before that. Always #DYOR and Trade wisely by using #StopLoss, It's #NFA Must LIKE & SHARE it..
Short
by AskToRahulSirohi
1
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
LITECOIN - Ascending Broadening WedgeLITECOIN 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 for next trend of divergence. Into August LITECOIN #Halving also Coming.. Always #DYOR and Trade wisely by using #StopLoss its #NFA MUST LIKE & SHARE
Long
by AskToRahulSirohi
LITCOIN retest Last Lower-Low of $65-55LITCOIN 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 Trade Wisely into this Trap mode with using #StopLoss always. Must LIKE & SHARE it
Short
by AskToRahulSirohi
💡Don't miss the great buy opportunity in LTCUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (57.46). . 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 76. Take Profits: TP1= @ 62.43 TP2= @ 64.65 TP3= @ 67.36 TP4= @ 69.76 TP5= @ 73.49 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