Litecoin is back, and this time in the daily timeframe.
Here, our attention is all on that 200EMA, while multiple times it has been a zone of bounce for the coin.
Pressure is high and demand is high in that zone, so we are looking for any potential candles to secure this zone fully in order to see a full-scale movement to lower zones here!
Swallow Team
🕵️♂️ Let's delve into the analysis of Litecoin, one of the oldest cryptocurrencies, which has managed to remain in the top 50 coins. We'll analyze it for trading in futures.
📈 In higher time frames, Litecoin remains within its box, similar to some other cryptocurrencies. After breaking the resistance at 109.86, it has the potential to start its upward trend.
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Upon examining the #Litecoin chart on a weekly timeframe, we can see that the price is currently trading around $81.5 and there is still an opportunity for further analysis for long-term investment. The demand zones are respectively from $67 to $72 and $53 to $59, while the supply zones are $93.8, and from $112 to $134. The targets for this cryptocurrency, in...
now that daily bullish engulfing is what I have been expecting if this was going to be a wave 4-green Triangle. We now have a new invalidation level ($84.18) which presents us with a better risk reward ratio than before (3RR).
PREVIOUS ANALYSIS
OTHER ANALYSIS
Price has been forming a series of higher highs and higher lows and this is positive sign and indicates increased demand and confidence among buyers.
Therefore, LTC is very bullish. All attention should be on this immediate support level
Contrary to the previous setup, I have seen a scenario where the invalidation level could become a stop hunt, so what to do is simple; either cut position in half to reduce risk or hedge it with a spot or just close the entire position right now at a minimal loss. BINANCE:LTCUSDT
PREVIOUS ANALYSIS
OTHER ANALYSIS
The concept of advance breakout and breakdown is highly effective in technical analysis, especially with indicators like the Relative Strength Index.
An advance breakout occurs when the RSI indicator surpasses its previous peak or breaches a trendline while the price has not yet done so.
This serves as an advanced or early signal, suggesting that the price will...
This is BINANCE:LTCUSDT update following through on our daily timeframe analysis. It looks as though we are about to end an impulse (context on daily timeframe chart - see below).
Wave 1, 2, 3-green is done. Wave 4 has begun, already created it first wave A, B & C where wave C retraces and has been rejection at the 60% Fibonacci level of wave A which looks...
Is Litecoin putting in a dragon pattern? It could be holding this 80 dollar level and doesnt want to let go. We will see soon enough if it takes off to retest the local high. This is where we know if its bull time or time to sell and wait. TBH i think long term holders will win out here. This market is just shaking ppl out to the upside and down. Leverage is the...
This is my third and final attempt at a Litecoin pump, this coin seems to be ready for a huge green redacted candle.
I'm buying with low size and will increase as it begins moving favorably. This trade should last around 3 months.
P.S yes, i'm serious with that tight stop-loss.
LFG
💎Paradisers, brace for a significant turn in the #LTCUSDT market, signaling a potential bullish rally from the current demand zone.
💎Following two profit-taking phases, #Litecoin has exhausted the buy-side liquidity, setting the stage for a possible dip before a rebound from the vital Bullish OB zone at $74.90. If CRYPTOCAP:LTC musters sufficient bullish...
On the previous analysis price has been moving perfectly to the analysis reacting accurately to it.
My next point of interest is within the box which is in between the 50-78% Fibonacci zone. I will be looking to add to my BINANCE:LTCUSDT spot position after taking some profit at that previous swing high.
When all was bullish I was bearish now that they are...
Hello friends nice to meet you all how was your day?
I feel good today because I ate light meat for lunch hahaha
Bearish Flag Pattern is indicating a DOWN.
The exact condition to enter a safe position is when the retest is successful after breaking down the lower flag line.
The target value is the AB=CD pattern, which is a 1:1 value drawn for each inflection point.
FOCUS ON LTC.
A theoretical and technical analysis of these two major coins price movements.
LTC's recent monthly price metrics is reminiscent of BTC's September 2023 movements before it shot up from 20k to 40k. As we speak, it is following the DNA of that certain movement. We are now at the critical heat point for that X2 surge.
BTC post surge price touched...
