TradingView
D4NKM4CH1N3
Nov 23, 2022 1:47 AM

LTC on the move! Long

Litecoin / TetherUSBinance

Description

BINANCE:LTCUSDT Update to prior chart which was posted a few months back: So far so good. I am seeing this pump to near $96 in coming weeks, month/s before any strong moves back down.

Good news for careful-traders is that the fractals show a return to $56 level after this pump ends - right in time for the pre-halving dump. As history has shown, each LTC halving (mining difficulty increase) is preceded by a pump/dump testing prior levels, before flying to new highs. Expect LTC to continue leading the alt-coin market, serving as a fine canary for other altcoin moves.

Insofar as fundamental analysis for LTC: it has been around as long as BTC, it has survived, it has suffered ZERO network shutdowns in its decade+ existence, and now features the OPTION of private transactions with MWEB. It should be noted that Mimblewimble is the wildcard for LTC during this crypto season. It could halt its growth due to regulatory demands, or it could make it fly to unknown levels - as a market result of regulatory demands.

Not financial advice.
Comments
RicsCrypto
wtf is that terrible chart lmao, you should clean up your chart. You are obviously a new Trader
D4NKM4CH1N3
@RicsCrypto, still terrible? xD
BallsOfSteel32
Nice Call
Solldy
What a great idea! The design is also on top, all the necessary information is very well displayed. Thanks for the technical analysis of the asset)
SwallowPremium
Been waiting for that scenario to happen for quite some time now.
InvestMate
Also I think we may see increases
More