Litecoin LTC Price Prediction and Technical Analysis 2021 | Should I buy Litecoin LTC Now?
In this YouTube tutorial, the presenter from The Art of Crypto walks viewers through a detailed technical analysis of Litecoin (LTC) as of May 2021. He begins with a macro view of the daily chart, highlighting the $210 support/resistance zone and the critical $228‑$230 daily 100‑period EMA that acts as a near‑term barrier. Moving to lower timeframes, he uses Market Cipher momentum readings and EMA crossovers on the 4‑hour and 1‑hour charts to argue that LTC is poised for a bullish breakout, especially if it can clear the 200‑period EMA around $199. He outlines two primary entry tactics: a breakout purchase above $199 and a retest entry after a successful breakout, explaining why each is relatively safe and how to set stop‑losses. Anticipating possible downside, he maps out a tiered dip‑buying plan at $167, $156, $125 and deep‑dip zones $90‑$80, recommending dollar‑cost averaging and position scaling rather than lump‑sum entries. He also provides a multi‑target profit‑taking scheme, suggesting incremental exits (e.g., 25% at $200, further portions at higher levels) to manage risk and capture upside. Throughout, he emphasizes disciplined risk management, small position sizing, and the importance of not letting losses erode capital. The video concludes with a promotional pitch for a private Discord community where he claims to share precise limit‑order alerts and advanced trade setups, urging viewers to join before spots fill.
Chapters
What's up everybody, welcome back to The Art of Crypto, the birthplace of absolutely legendary gains. In this video, let's take a look at Litecoin. Now since this is a top 10 coin, I believe that a good number of you should be invested in Litecoin. And if you are not invested in Litecoin and you wish to enter Litecoin, this video will give you exact entries and the ways that I would personally trade Litecoin in the upcoming days. So if you're interested in that, stick around to the end. And by the way, if you haven't already followed me on Twitter at underscore the art of crypto, this is where I am sharing the latest market updates and you do not want to miss out. But anyways, let's dive into Litecoin now, shall we? So right off the bat, let's take a look at the daily chart because we always want to get a sense of what is happening on the higher timeframes before we jump into the lower time frames. And right off the bat, I would say there is not much to see on Litecoin on the daily chart. The only thing that might be of significance is actually this level right here at $210, where you can see that it has been quite strong support and resistance in the past. And the only other level that I would really, really pay attention to, like 100%, I would pay attention to, is this $230 level right here, because as you can see, it is near to this orange line right here, which is a day exponential moving average. And if you are a longtime follower of this channel, you know that I like to say that all of these exponential moving averages— the 200, the 100, the 50— are very good dynamic support and resistances in any trend. At the moment, we are below most of these major moving averages, which means that in order for Litecoin to be absolutely bullish, we need to break above all of these exponential moving averages. And for now, this orange one seems to be the next point of major resistance. So if you haven't already, you can just go onto your indicators and add on a 100-period exponential moving average on the daily chart. You do want to pay attention to this level right here at $228 to about $230, give or take. So now that we know what the macro levels are at, let us jump over into a lower timeframe such as the 4-hourly. So that we can get a clearer picture of what is going to happen next. So right off the bat, I believe that Litecoin is looking bullish for a few reasons. So first off, if I just bring your attention to Market Cipher right here, you can see that we have been in the red, and this is a beautiful— right, this is a beautiful curvature. This is the kind of Market Cipher that I like to see, where we are confidently curving into the green. So At the moment, Litecoin does seem bullish. In fact, if we want to get an even clearer picture, let's jump into the 1-hourly chart and I can show you exactly what is going to happen. So right now it seems that Litecoin is on the verge of breaking out of this 200-period exponential moving average on the 1-hourly, which for the last pretty much 2 weeks it has failed to do. So if we do break above this 200 EMA, it is going to be super bullish for Litecoin. Because that 200 EMA on the 1-hourly is also the 50-period moving average for the 4-hourly, which is this gray line right here. And if we manage to break above this level right here, it is going to be extremely bullish for Litecoin. In fact, this trade right here— and in fact, if I just draw this trend line right here where we connect all of these points together, you can see that in fact this 200-period EMA lines up with this trend line resistance right here, which means if we really do break above this level at at $199, we are going to be extremely bullish for Litecoin, right? And so here is going to be my entry number 1, which is to buy the breakout of this level right here. And what a breakout simply means is you want to see Litecoin go up above this resistance. So this is going to be the breakout. So I would buy the breakout. And the thing about breakout trading, where— reason why I like breakout trading so much is because It's very safe. It's generally a very safe trade to take because a breakout trade tends to be invalidated when the price breaks out of the pattern and comes back into the pattern, right? So then this wouldn't be a breakout anymore, this would be a fakeout, in which case you can just proceed to get stopped out for a minimal loss. And in trading, it is okay to be wrong. In fact, everybody is wrong at some point in their trading careers. The key is to not let every loss affect your account greatly. So manage your risk. So that was entry number one, which is to buy the breakout. So what would be entry number two? So what I would actually do is to buy the retest of this level right here, because if you know anything about trading, you know that price doesn't always just go straight up, even though all of us would like it to go straight up. It doesn't usually work that way. So once the price breaks out of the pattern, it will tend to come back down to try to find support at some level, right? And immediately I will look for these two levels right here at the two hundred. $201 level and the $199 level to act as support, right? This is also what you call a support and resistance flip, where you flip this resistance, right? This level right here at $199 is currently a resistance, but if we do break above it and come back down to find support on this level, then this would be my ideal entry. Because usually on a retest, the strongest group of buyers are in fact situated at these 2 levels right here. Which means that if we do come back down here, the chances of you getting a bounce, right, where Litecoin absolutely pops off is fairly high. So this is going to be my entry number two, right? Breakout and a retest. Ideally, I would like to get in on the retest because similarly to a breakout, you can simply set your stop loss within the pattern, and if the price does break below this support line, then you know that this was a failed retest, which means. This entire thing would have just been a fake out. So it's okay to get stopped out, but that would be entry number 2. And by the way, guys, if you truly appreciate the way that I give my trades, where I give you exact levels and the exact methods where I would trade these setups, and you want more of these at a higher precision, I want you to consider to join the private Discord group because this is where I am sharing multiple trading setups Where most of them are highly, highly profitable. This is where I'm going to be giving you exact limit entries, and most of these go on to make some ridiculous profits. We have pretty much doubled our money multiple times during the last few dips. Look at CAKE, 105% from the exact limit entry that I gave. YFI, 100%. RUNE, we had 112% from exact limit entries, right? If you find yourself panicking during dips, And not knowing what to do, this is going to be the group for you. We are killing the markets every single day. You will make back your money in just one or two trades. So spots are limited. The link is in the description. I want you to sign up before they fill up. This is going to be the best investment that you make in crypto because we are killing the markets every day and you are not going to want to miss out. But anyways, back to Litecoin. So those were two entries that. I would potentially go for. So keep an eye out for a breakout of that level. So the other way that I might trade Litecoin is at the moment you can see that if I just bring your attention to Market Cipher, you can see that we have already formed a nice anchor wave. But this is not the highest anchor wave that I've ever seen, which means there is still room for Litecoin to pump. And if we want to get an even clearer picture on what Litecoin is going to do then we have to go into an even lower time frame to get a clearer idea. And right off the bat, I do not like the look of this, right? Because right now we are forming a top on the 15-minute chart, which means that the 1-hourly chart might potentially reflect something like this, where we form this short little wave before coming down and going down even deeper, right? Which means there might be some downside for Litecoin just based off of traditional Cyphalytics. So the way Market Cipher works, and the best way to use Market Cipher, is you want to read the shift, right, the direction of momentum. Right now, because we have formed this wave, you can see that if we just connect all the red dots together, and if we just connect all the green dots together, we can see that the momentum generally is shifting downwards, which means that potentially, right, because especially once we get this signal on the 15-minute where it's signaling that we might be going down I'm actually expecting downside on Litecoin. And if we do go down from here, where should we buy? And that is what this video is going to allow you to find out. So let's map this out. Just based off of traditional Cypherlytics, I'm actually expecting Litecoin to go down a fair bit. Probably not to $120, but who knows. Especially because Bitcoin is near resistance right now, and everyone is sort of expecting Bitcoin to drop. So let us be safe rather than sorry. If Litecoin does not break out of this level right here, I would not enter into Litecoin simply because it is not going to be the safest thing to do. So let us zoom out a little bit on Litecoin and let's identify some potential levels where we can start buying Litecoin. And the first of which is going to be at this $167 level. This is going to be a brilliant level because as you can see, in the past it has acted as strong support and resistance. Multiple times, in fact. So this is going to be a pretty strong level. And if we really do fall below 167, I will look for 156 and even the 125 level for support. Now if I just bring up the VPVR indicator, you can see that all of these levels right here at 156, 145, and if we do happen to fall below This $130 level, you can see that there is not much volume in between $130 and around the $90 level. So if we really, really, right, God forbid, if we really do drop below $130, I am going to load up on Litecoin at $90 to $80. Imagine getting Litecoin here, right? This was literally like prices that you could only get last year. And there's this thing that really puzzles me about crypto. Everybody is so bullish on crypto, but yet the moment the market takes a dump like this, everyone is thinking about panic selling. And it really makes me wonder if you truly believe in crypto as an asset class. Because if you truly do believe in crypto, why are you selling when there is such mad discounts across the market? If you really do believe in crypto, this is going to be the time to buy. Because imagine accumulating everything back at like, what, $150 Litecoin? I'm telling you, a lot of the people who panic sold during this dip will regret it come 1 month, 2 months, or maybe 3 months down the line. So if you ever get another dip like this, take advantage of it, guys. Have some liquidity in your account and buy these goddamn dips. Like, look at where you would be if you just bought that dip, right? If you bought it at like, what, $130? You'd be up like, what, 50%? Seriously, man, a bull market is It's so easy to make money in a bull market simply because as long as you buy the dips, you'll be successful, my friend. So come on, man, don't, don't be talking about panic selling the next time we take a dip, all right? Load up on Litecoin on all of these levels right here. And if you're wondering where exactly I would load up on Litecoin, here is how I would do it. So right now I gave you about 5 levels, and by the way, guys, Right now, I am giving you exact levels on where I would buy Litecoin. And if you do not even have the willingness to do your own due diligence and mark down all of these levels on your own chart, there is honestly nothing more that I can do to help you out. Right, I'm giving you the exact levels here. The rest is just you need to go mark them down on your own charts and set orders at all of these levels. Now, the way that I would buy Litecoin is I would never go in with one lump sum. In fact, nobody should ever go in with one lump sum. Similarly to how you do not exit with one lump sum, you always average out your purchases and your sells. So maybe if you had, let's say, $1,000 to work with, I would go in with $100 at $167, maybe $200 here, maybe $400 here. And the rest down here. That means the lower your price goes down, the lower your average position goes down as well. Because nobody knows exactly where is the bottom, unless of course you join the private Discord group. Because over here I am calling out the exact bottoms, right? We are sniping exact bottoms left and right. Like seriously guys, you will make your money back in just a few trades. Join this group, man, before it fills up. The spots are limited. But anyways, as I was saying, because you guys are just on YouTube, I cannot be here to tell you exactly where I think the bottom is going to be. So what you do is you dollar cost average down, right? And similar to taking profits, you do not sell in one lump sum, you go out in increments, right? So if Litecoin really does break out here, what would be the profit targets? So right off the bat, these are the levels that I'm looking at personally. Right? And the reason why I would give you so many profit targets is not because you don't take profits at just like this level right here, or like, oh, if Litecoin goes to $230, I'll take everything out. No, that's not how it works. So what you do is maybe you take out 25% at the $200 level, you take out 25 here, maybe 25 here, and you close the rest at somewhere around here, right? You always average your purchases and your sales, because nobody knows where exactly is the top and nobody knows where exactly is the bottom. So you average out your positions, you know what I mean? If you can do this, you will be better than, who knows, 50% of other people out there. And just remember, if you want a literally like a world-class education and an amazing community to help you out along in your trading journey, if you're tired of losing money, if you're tired of being confused at what to do, when, whether you buy or sell. That is what the Discord group is for. I will guarantee that you will be successful as long as you learn everything that I teach in this group. And we are sniping bottoms left and right. We are absolutely killing the markets. And if you don't want to miss out on this, spots are limited. I want you to join the private Discord group. The link is in the description below. And with that said, my friends, I'll see you in the private Discord group. And as usual, may the gains be with you.
