• Latest
  • Trending
Litecoin develops bullish buying pattern before LTC hits $150

Litecoin develops bullish buying pattern before LTC hits $150

February 19, 2022
Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

January 29, 2023
Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

January 29, 2023
LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

January 28, 2023
What is an ascending triangle pattern and how to trade it?

What is an ascending triangle pattern and how to trade it?

January 28, 2023
FTX creditors list, BlockFi $1.2B exposure and new Celsius token…

FTX creditors list, BlockFi $1.2B exposure and new Celsius token…

January 28, 2023
XRP (XRP), Low Volatility but Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

XRP (XRP), Low Volatility but Falling Saturday: Is it Time to Cash Out? – InvestorsObserver

January 28, 2023
Cardano hard fork will increase interoperability with Bitcoin, Ethereum and others

Cardano hard fork will increase interoperability with Bitcoin, Ethereum and others

January 28, 2023
Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment

January 28, 2023
JPMorgan CEO Jamie Dimon Says Bitcoin is a “hyped-up fraud”

JPMorgan CEO Jamie Dimon Says Bitcoin is a “hyped-up fraud”

January 28, 2023
TradFi and DeFi come together at Davos 2023: Finance Redefined

TradFi and DeFi come together at Davos 2023: Finance Redefined

January 28, 2023
Esports Driving the Advancement of Cryptocurrency in Sports Gambling

Esports Driving the Advancement of Cryptocurrency in Sports Gambling

January 28, 2023
Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital’s Top Strategist

Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital’s Top Strategist

January 28, 2023
Sunday, January 29, 2023
Retail
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis
No Result
View All Result
The Crypto Days
No Result
View All Result

Litecoin develops bullish buying pattern before LTC hits $150

by marcell.major
February 19, 2022
in Litecoin
0


  • Litecoin price action develops a pattern seen across the altcoin space: the inverse head-and-shoulders pattern.
  • LTC faces a strong cluster of resistance before it can move towards the $200 value area.
  • Downside risks are significant and highly probable.

Litecoin price faced significant selling pressure on Thursday, following other risk-on markets lower due to war jitters and continued inflation worries. However, that didn’t stop LTC from developing a likely bullish reversal setup.

Litecoin price must cross and close above $143 to prevent further bearish pressure

Litecoin price has a massive collection of resistance levels ahead that it must break before extending into a bull market. Between the price levels of $130 to $143, Litecoin must break the following technical levels:

  1. Daily Tenkan-Sen at $130
  2. 38.2% Fibonacci retracement at $132
  3. Top of the Ichimoku Cloud (Senkou Span B) at $133
  4. The neckline of the inverse head-and-shoulders pattern at $140
  5. 50% Fibonacci retracement at $143

The number of resistance levels and the strength of those levels may prove to be a daunting task – but certainly not insurmountable. The most critical, near-term level for bulls to target is a close above the Ichimoku Cloud at or above $133. In that scenario, most of the short-term bearish outlook would be eliminated.

LTC/USD Daily Ichimoku Kinko Hyo Chart

However, bears are not far away from achieving a move that could trigger a considerable sell-off below the $100 level. If the Chikou Span closes at or below $106, it will be below the bodies of the candlesticks and in open space – initiating an Ideal Bearish Ichimoku Breakout. From there, a push towards $95 for Litecoin price is highly probable.

 



Source link

YOU MAY ALSO LIKE

LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

Should You Sell Litecoin (LTC) Saturday?

Tags: bullishbuyingdevelopshitsLitecoinLTCpattern
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

January 29, 2023
Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

January 29, 2023
LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

January 28, 2023

Recent News

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

Dogecoin Community Stunned by McDonald’s Refusal to Go Viral With DOGE

January 29, 2023
Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high

January 29, 2023
LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

LTC/USD slides downward, reaching the $88.02 level – Cryptopolitan

January 28, 2023

Categories

  • ADA
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market And Analysis
  • Regulation
  • XRP

Follow Us

Find Via Tags

Ada Altcoin Altcoins analysis Analyst BIG Binance Bitcoin blockchain BNB BTC Buy Cardano coin Cointelegraph crypto Cryptocurrency DOGE Dogecoin ETH Ethereum eyes FTX Heres Inu Investors Latest Litecoin LTC Market News Price rally Report Ripple SEC Shiba SOL Solana today Token Top trading week XRP

© 2021 The Crypto Days

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis

© 2021 The Crypto Days