BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The old Ats are dormant while new alts have Xed many time. LTC market cap is down to a 3rd of its all time high. It seems that the old Alts are in trouble and some new Alts like Tezos, Theta and Zilliqa can takeover their dominance.

Technically, LTC is in a falling wedge within it a descending channel . Price is squeezed by the 100 daily ema and support and will reach resistance of both the falling wedge and the descending channel . Breakdown of price is the likeliest action as price has been weak and volume dropping. And LTC has taken the nature of stairway up and elevator down.

Estimates of the bottom at $14 by August. I put a fractal that shows a break out of the falling wedge and a parabolic run. Personally I am pessimistic with the outcome of LTC and I feel it will be delisted.

Comments

ltc hurt u pretty bad aint it
+4 Reply
nagihatoum moonsie
@moonsie, I remember you are first to preach it's death, you went long again?
Reply
moonsie nagihatoum
@nagihatoum, you have no idea who moonsie is or what moonsie was, you have no idea, you fool!
+1 Reply
nagihatoum moonsie
@moonsie, Maybe you have split personalities?
Reply
nagihatoum moonsie
@moonsie, "Death Cross Confirmed on LTC – Shitcoin Target is $9.80" dated March 9, then on March 12 you post an idea LTCBTC with the title "Buy it All". Completely bipolar. Man, I really hope you didn't buy it all, you are deep in the red now.
Reply
moonsie nagihatoum
@nagihatoum, why u fabricate these lies freb?
+1 Reply
$14 by August. Will be delisted? Lol. LTC is the third most held coin by hedge funds according to PWC report. It’s not going to $14 or bring delisted anytime soon
+1 Reply
@sdassy, better keep up to date with statistics. LTC's Mean Transaction Volume (1d MA) just reached a 6-month low of 49.792 LTC. Previous 6-month low of 50.966 LTC was observed on 07 June 2020

View metric:
https://studio.glassnode.com/metrics?a=LTC&%3Bm=transactions.TransfersVolumeMean
+1 Reply
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