This is a pretty straight-forward chart,
LTC
seems to have bottomed and sitting on a 5 years long support.
LTC hasnt been talked about much lately but it seems to be actually still being used for payments and more than we all think; according to a report by Bitpay, LTC was the most used cryptocurrency to make payments on Bitpay, with 34% of the payments being done through them, and apperently it wasnt the first time. The second crypto is Bitcoin, if you were wondering.
Lets look at some data;
- There are 7.8m LTC addresses with a balance.
- approx. 800k daily active addresses.
- On December 18 2023, there was an ATH of 980k txs and averaged a 700k txs per day for over a week. Looking at the previous ATHs, there was always a surge in price during these times.
The above data is super bullish for a coin that only has 4.8bn market cap with incredible tract record and traction.
Considering there is no centralised management for this coin, just like BTC, I wouldn't rule out a surprise ETF application for LTC as well, of course after BTC ETF narrative.
The fundamentals are just right, the chart looks great. Worth taking a risk here.
Let me know if you agree or disagree with this idea in the comments. I would love to see some other ideas that prove or disprove this analysis.
LTC
seems to have bottomed and sitting on a 5 years long support. LTC hasnt been talked about much lately but it seems to be actually still being used for payments and more than we all think; according to a report by Bitpay, LTC was the most used cryptocurrency to make payments on Bitpay, with 34% of the payments being done through them, and apperently it wasnt the first time. The second crypto is Bitcoin, if you were wondering.
Lets look at some data;
- There are 7.8m LTC addresses with a balance.
- approx. 800k daily active addresses.
- On December 18 2023, there was an ATH of 980k txs and averaged a 700k txs per day for over a week. Looking at the previous ATHs, there was always a surge in price during these times.
The above data is super bullish for a coin that only has 4.8bn market cap with incredible tract record and traction.
Considering there is no centralised management for this coin, just like BTC, I wouldn't rule out a surprise ETF application for LTC as well, of course after BTC ETF narrative.
The fundamentals are just right, the chart looks great. Worth taking a risk here.
Let me know if you agree or disagree with this idea in the comments. I would love to see some other ideas that prove or disprove this analysis.
Trade active:
Come on LTC, show us the money =))
Trade active:
LTC should be popping soon. Show us the money! =)
Trade active:
Finally broke out of the down-trend and hit a major horizontal resistance, I expect it to find support above the down-trend line and continue its movement.
Trade active:
388 is the ultimate target. Lets ride this bull!