LTCUSD.P trade ideas
Litecoin (LTCUSD): Your Next Profit Opportunity!For LTC, we were stopped out of our first attempt to catch wave (iv). However, we concluded wave (iv) exactly at the level of wave (i). Following that, we completed the overarching wave ((iii)), or wave (v), exactly where we anticipated, between the 61.8% and 100% levels. We are therefore in wave ((iv)), which we do not believe to have concluded yet, and expect a pullback to the 38.2% to 50% levels, which are at $90.20 and $85.81. Afterwards, we should at least reach the level of approximately $115, which is the minimum level. However, we should actually break out even more, but we will definitely see how things develop. Since we are still in an overarching wave 3, we should then go significantly higher. We will definitely place this entry, as the possibility of this being a triangle looks promising. So, we need to wait and see how Litecoin develops and whether our limit order gets filled.
LTC ready to go!!LTC has not held above 105.00 in 2 years I believe it is about to break above that.
Moving averages crossing up price is holding at these levels right now. pattern is looking like it did in 2020 when it had been held under the 200W ma. Just my opinion but I like what I am seeing. let me know your thoughts.
Litecoin 4624With Bcash on the move its time to rethink Litecoin. Its the bastard child of the crypto markets for sure. Its finally cracking the 100 dollar level and has had a massive structure of accumulation. 400 would be conservative target.
2000 in play. Who knows. These markets are unlike any other time in the past 100 years. It will make 08 look like childsplay and so we could see a pullback to the trend line. But longterm nothing can stop Litecoin. over a decade of uptime. Makes Solana look like a complete clown show
Focus on LTC/USD Stability above Key Pivot PointsHello Everyone,
Recently, LTC/USD has experienced a downturn, emphasizing the importance of maintaining its current position above the monthly Pivot Point (1M PP), which has served as a reliable support level. Our main objective now is to secure a stable position above the weekly and daily Pivot Points (1W/1D PP), which have presented resistance challenges previously. Should the price consolidate below the monthly Pivot Point, there's a possibility of further testing of support levels.
TradeWithTheTrend3344
Litecoin the little coin that can! Who else is impressed with the way Litecoin has been the front runner blue chip coin as of lately. I know LTC has lots of catching up to do especially when it comes to its other blue chip coins. BUT when fan favorite Litecoin moves, it'll definitely lead the way for many other alt coins.
Let's take a look at a few key levels we can expect LTC to visit on its way to the moon.
First we have the red box of resistance which has acted as strong support as well as strong resistance in the past. Historic level of both support and resistance I would say. Which just so happens to line up well with the yellow overall .236 fib level at 128.82(29% away).
Second we have the white fib which is drawn from most recent swing high to swing low. Point of interest on this fib is the .618 at 202.05(103% away). After these levels are met without a major rejection we can start looking at higher levels. But for now these are strong levels to expect for an upside movement.
Lastly what's confirmed my bullish bias for LTC(not that it takes much for me) is the break out from the purple trend line. First touch point on March 28 2022 and second touch point February 13 2023. With a break out February 26 2024. Beautiful movement with fan favorite Litecoin, love to see it pump!
Trade safe peeps!
p.s hurry up John.
Jesus LTC !Litecoin is a cryptocurrency that operates on a decentralized network, similar to Bitcoin. It was created in 2011 by Charlie Lee, aiming to offer faster transaction times and lower fees compared to Bitcoin.
Regarding its future with AI technology, there are several potential intersections:
1. **AI-Powered Trading:** AI algorithms could be employed to analyze market trends and make predictions, potentially aiding traders in making more informed decisions when trading Litecoin.
2. **Fraud Detection:** AI can be utilized to detect fraudulent activities within the Litecoin network, enhancing security and trust among users.
3. **Smart Contracts:** AI technology could facilitate the development of more sophisticated smart contracts on the Litecoin blockchain, enabling automated and self-executing agreements with greater complexity.
4. **Scalability Solutions:** AI could help in developing solutions to address scalability issues faced by Litecoin and other cryptocurrencies, such as optimizing block size or implementing layer 2 scaling solutions.
5. **Personalized Financial Services:** AI-driven personalized financial services could be built on top of the Litecoin network, offering users tailored recommendations for investments, savings, and spending based on their individual financial situation and goals.
In essence, integrating AI technology with Litecoin could lead to advancements in efficiency, security, and user experience within the cryptocurrency ecosystem.
LTCUSD: About to start an unprecedented end of year rally.Litecoin is about to turn overbought on its 1W technical outlook (RSI = 69.352, MACD = 5.439, ADX = 27.356) but that is far from a sell recommendation. This chart shows that the historic pattern since its start is a Channel Up which sees its greater returns and starts the cyclical rally when the 1W RSI turns overbought. All rallies have hit at least the 0.618 Fibonacci trendline so this is where our end of year target is (TP = 1,600). On an extreme bullish scenario, it can even reach the Channel's top, extending to a +32,549% growth as the 2017 rally, which return a target at 12,000. Best to have have sold the majority of your LTC at 1,600 though.
See how our prior idea has worked out:
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