This is a pretty straight-forward chart, CRYPTOCAP: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
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Come on LTC, show us the money =))
Trade active
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LTC should be popping soon. Show us the money! =)
Trade active
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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.
It makes perfect sense, LTC is a better BTC, faster, cheaper, privacy and 100% uptime. People can hate on the coin because it seems to be lagging or manipulated but I believe price will soar and an ETF is inevitable.
TheAlchemist888
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@MarkMcdonald, I agree with you on cheaper, faster and %100 uptime. I believe thats why its been more widely used, I am hoping to see people can realize this before there is wider institutional interest.
paintboy
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@TheAlchemist888, what do you think about Litecoins low hashrate under 1 ph/s ? what would it take to 51% attack it with dogecoin merged mined
DuhBluePrint
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bought in at $77 and then at the dip of $67
geekpe
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@DuhBluePrint, never buy the fomos ....sell the news ...not buy the pumps...green tops
DuhBluePrint
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@geekpe, True for a trader. I am a 3-5 year hold type of guy.
paintboy
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@geekpe, I have been impressed by some of your previous predictions. would like your current thoughts on litecoin and where you think it could peak by 2025 or so
ignorethenoise
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exactly what I seen, definitely worth the risk.....