BTCINVESTING

LTCUSD: Why should we love Litecoin too? πŸ˜ƒ

Long
KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Hello my friends!

Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin . It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies, because of its speed and cost-effectiveness. 100% uptime. Around 67 million LTC have already been mined. The maximum is 84 million (year 2140).

It is interesting to see how the Litecoin price behaves before and after halving.

That's why I've included Litecoin's halvings in the chart. Of course, Litecoin is also dependent on Bitcoin dominance, but it always seems to behave like a cup with a handle. The halving is in nearthe middle in terms of time. It is also interesting that a first upward movement ends at 1,618 to then reach the halving top in the area 3,618/4,618. Accordingly, the halving top this time could be at around 2,500 USD, but at least at 1,000 USD imo.



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Let's see what happens.
Happy trading. :-)


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BTCINVESTING πŸ˜ƒ
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Entrepreneur Β· Trader Β· Investor Β· Crypto since 2014
Trading experience for over 30 years



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Comments

Great analysis as always my dear friend! I like the research behind the normal charting too! Thanks a lot!
100 coins
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BTCINVESTING Ether2020
@Ether2020, oh thx my friend for the coins. a big complement!!! i know you are still a bit bearish. lets see the next moves. :-)
+1 Reply
Ether2020 BTCINVESTING
@BTCINVESTING, Not for the moment anymore. As you know thereis still the Head and shoulders pattern which acted perfectly, tested the neckline and the price is still under the neckline but at the same time there is also a small bullish falling wedge. So that upper boundery has been broken and this is in the first place for me a signal to switch. I am not a bear nor a bull. Just follow the charts step by step. Of course I know the future of BTC is super bright and there will be much higher targets ahead absolutely No doubt about that but it is always nice to buy Bitcoin lower because thst is what trading is all about otherwise we are buy and hold investors.
Also a very good strategy and no work with it!

You can check the logic behind it here and also in the updates. My approach is always step by step and see what new structures/ patterns / trends / fundamentals change. This way I can switch from short to long in the blink of an eye! Keep up the great work my dear friend!

+1 Reply
BTCINVESTING Ether2020
@Ether2020, yes great and accurate as always. :-)
+1 Reply
Ether2020 BTCINVESTING
@BTCINVESTING, Thanks my dear friend!
Reply
Good analysis. Let's see what happens. :-)
100 coins
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BTCINVESTING iambumblebee
@iambumblebee, thx very much for your coins! I appreciate it! thx a lot. high motivation. πŸ˜ƒ
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I don't see LTC having any weekly closes that are lower than the previous weeks until ATH in summer. Meaning it's a rather straight up curve from now on.
The reason: It was supposed to go parabolic right before BTC crashed.
+3 Reply
BTCINVESTING JayFortune18
@JayFortune18, indeed. thx for your comment!!! :-)
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Nice to see the expected rise around september. That's when I believe BTC will come out of the ashes once again.
+2 Reply