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LTCUSDT Bullish Structure – Is This the Next Expansion Leg?📊 LTC/USDT "DIGITAL SILVER" BULLISH BREAKOUT 🚀 | Swing Trade Profit Setup 🎯 TRADE OVERVIEW Asset: Litecoin vs Tether (LTC/USDT) Timeframe: 4H / Daily Current Price: $77.32 USDT Strategy Type: Swing Trade (Bullish Recovery) Market Condition: Oversold with Bullish Divergence ⚡ Fear & Greed Index: 21 (Extreme Fear) 👻 = BUY OPPORTUNITY 📈 TECHNICAL CONFIRMATION (Real Market Data - Jan 2, 2026) ✅ 200-Day Simple Moving Average: $99.38 USDT (Strong Resistance Zone) ✅ 50-Day SMA: $83.76 USDT (Critical Breakout Level) ✅ 20-Day SMA: $78.90 USDT (Current Support) ✅ MACD Histogram: +0.3048 (BULLISH DIVERGENCE FORMING) 🔥 ✅ RSI (14): 43.16 (Neutral - Room for Upside Movement) ✅ 24H Volume: $14.9M - $273.6M (Healthy Liquidity) ✅ Bollinger Bands: Mid-band at $80.74 (Target Zone) 🎪 ENTRY STRATEGY: "LAYERING METHOD" (Thief OG Style) Entry Approach: Multiple Limit Orders / Scale-In Method Layer 1️⃣ (Accumulation Zone) Entry Point: $76.00 - $76.50 USDT Risk Reward: Solid Foundation Builder Size: 35% of position Layer 2️⃣ (Breakout Confirmation) Entry Point: $78.00 - $78.50 USDT Risk Reward: Post-Consolidation Entry Size: 35% of position Layer 3️⃣ (Momentum Confirmation) Entry Point: $80.00 - $81.00 USDT Risk Reward: Strong Momentum Signal Size: 30% of position 💡 PRO TIP: Scale into positions gradually. This reduces panic selling and locks in better average entry prices during volatility. 🛑 STOP LOSS PLACEMENT (Risk Management is KING 👑) Recommended Stop Loss: $74.00 USDT Hard SL Breakdown: $72.64 USDT (Technical Support) Emergency SL: $70.00 USDT (Psychological Level) Risk Calculation: From Entry at $78.00 → SL at $74.00 = 5.1% Risk Per Trade Position Size = 1-2% of Portfolio Risk (Suggested) ⚠️ IMPORTANT DISCLAIMER: This is YOUR decision. Adjust SL based on YOUR risk tolerance and account size. Never risk more than you can afford to lose! 🎯 PROFIT TARGETS (Cascading Exit Strategy) 🥉 Target 1 (Initial Profit Take) - 50% Position TP1: $82.00 - $84.59 USDT Gain: +5% to +8.3% from entry Action: Lock in early profits, reduce risk to zero 🥈 Target 2 (Mid-Range Resistance) - 30% Position TP2: $87.00 - $88.00 USDT (Key Analyst Consensus) Gain: +11.5% to +12.8% from entry Action: Trail stop-loss to breakeven 🥇 Target 3 (Major Resistance Break) - 20% Position TP3: $95.00 - $100.00 USDT (Extended Target) Gain: +21.8% to +28% from entry Action: Ride momentum with trailing stop 🚀 STRETCH TARGET (Q1 2026) Extended Target: $113.71 - $115.00 USDT Gain: +45% to +47.2% Condition: Sustained break above $87 with volume confirmation ⚠️ IMPORTANT DISCLAIMER: TP targets are based on technical analysis. Market conditions change. Your profit-taking strategy is YOUR choice. Manage position size wisely! 📊 TECHNICAL ANALYSIS BREAKDOWN Bullish Signals 🟢 ✅ MACD Histogram turning positive (Early momentum shift) ✅ Price above 7-day & 20-day SMA (Short-term uptrend) ✅ RSI in neutral zone (Not overbought = room to run) ✅ Recent consolidation at $74.66 support (Buyers defending) ✅ Oversold conditions (Often precede reversals) ✅ 24H Change: +3.29% (Momentum building) Bearish Headwinds ⚠️ 🔴 Price below 50-day SMA ($83.76) - Medium-term bearish 🔴 Price below 200-day SMA ($99.38) - Long-term bearish 🔴 Weekly Technical Rating: SELL (Mixed signals persist) 🔴 Volatility: 1.91% (Potential sharp moves both directions) Verdict: Mixed setup = Wait for confirmation before scaling in! 🔗 CORRELATED PAIRS TO MONITOR Direct Correlation 0.58-0.76 BTC/USDT (Bitcoin) 🔗 Correlation: 0.76 (Very High) Why Important: LTC follows BTC dominance closely Action: Monitor BTC chart for macro direction Current BTC: Trading sideways (Neutral Signal for LTC) Related Altcoins to Watch 📍 ETH/USDT (Ethereum) 📊 Correlation: 0.559 (Moderate-High) Significance: Broader altcoin momentum DOGE/USDT (Dogecoin) 🐕 LTC Weekly Correlation: +0.472 Signal: When alts pump together, LTC often leads SEI, RENDER, DASH (Sector Leaders) ⭐ 7-Day Correlation: +0.50-0.60 Importance: Monitor these for LTC breakout confirmation 💼 FUNDAMENTAL & MACRO FACTORS AFFECTING LTC (Jan 2026) BULLISH CATALYSTS 🟢 1️⃣ LitecoinVM Layer-2 Launch (Q1 2026 Mainnet) Status: Testnet Active (Dec 25, 2025) Impact: Transforms LTC from "Digital Silver" → Programmable Web3 Hub Details: EVM-compatible smart contracts via Polygon CDK Significance: Attracts DeFi developers, increases utility Timeline: Mainnet expected Q1 2026 (Could trigger rally) 2️⃣ MWEB Privacy Upgrade Adoption Current Status: 90%+ of nodes validating MimbleWimble transactions Volume Locked: 245,000+ LTC in private transactions Impact: Enhanced fungibility without sacrificing speed Implication: Increased demand from privacy-conscious users 3️⃣ Spot ETF Approval Prospects Status: 3 US ETFs Under SEC Review (Grayscale, Canary, CoinShares) Approval Odds: 68-90% by end-2025/early-2026 Potential Inflows: $400M-$500M if approved Historical Precedent: Bitcoin ETF approval drove massive rallies 4️⃣ Institutional Accumulation Latest Data: Lite Strategy (NASDAQ: LITS) holds 929,548 LTC (~$73M) Signal: Corporate treasuries adding LTC like Bitcoin playbook Market Impact: Reduces available supply for retail 5️⃣ Block Reward Halving Cycle ⏰ Last Halving: August 2023 Next Halving: 2027 (Scarcity narrative building) Max Supply: 84 Million LTC (Fixed cap = deflationary) BEARISH RISKS 🔴 ⚠️ Binance Delisting Alert Issue: 7 LTC margin pairs delisting Jan 6, 2026 Impact: Reduced leverage trading volume Severity: Moderate (Spot trading unaffected) ⚠️ BTC Dominance at 59% Concern: High BTC dominance leaves less capital for altcoins Watch Level: If BTC dominance drops below 55% = Altcoin season Current Status: Neutral-bearish for LTC ⚠️ Regulatory Uncertainty MWEB Privacy Risk: Increased privacy use may attract regulatory scrutiny Impact: Potential compliance challenges ahead ⚠️ Economic Data Releases Upcoming: Fed Policy (Jan 29), Unemployment (Feb 7) Risk: Hawkish signals could trigger broad crypto selloff Monitor: Fed futures market for rate probability changes 🎬 ACTION PLAN FOR TRADERS Before Entry ✅ Confirm support holding above $74.66 Wait for MACD histogram to cross above signal line Check BTC chart for macro direction (critical!) Scan news for ETF announcements or LitVM updates During Entry 📍 Scale in using layer method (Don't FOMO all-in) Set stop-loss FIRST before market order Use limit orders for better entry prices Document your entry prices for reference After Entry 🚀 Take 50% profit at $82-84 level Move stop to breakeven ($78.00) Trail stop on remaining position Monitor related pairs (BTC, ETH, DOGE) for confluence Watch for ETF approval news (Major catalyst!) Exit Strategy 🏁 Never hold through major economic news without reason If LitVM news is negative = exit immediately If BTC breaks below $85K = reduce position Q1 2026 ETF decision = major milestone target 📌 KEY LEVELS SUMMARY (Cheat Sheet) RESISTANCE ZONES: 🔴 $100.00 ← Psychological + Long-term target 🟠 $95.00 ← Analyst consensus (Short-term TP) 🟠 $87.00 ← Major resistance zone 🟡 $84.59 ← Immediate breakout level 🟡 $82.00 ← First profit-taking zone CURRENT PRICE: $77.32 USDT SUPPORT ZONES: 🟢 $76.00 ← Layer entry zone 🟢 $74.66 ← Critical support (Hard stop here!) 🔵 $72.64 ← Emergency support level ⚖️ RISK ASSESSMENT & DISCLOSURE Trade Confidence Level: MEDIUM (60%) Key Risk: Depends on support holding + BTC correlation Reward Potential: +21-47% (Medium-term) Volatility Expected: Moderate to High 🎓 FOR LEARNERS Study: Litecoin's correlation with Bitcoin (0.76) Practice: Identify support/resistance zones on your charts Remember: Technical analysis is probability, not certainty Execute: Small position sizes while building skill Improve: Keep a trading journal for every decision Good luck Thief OG's! Remember: "The best trade is the one where you keep your capital." 💰
by The-Thief
LITECOIN IS FULLY CHARGEDHey traders! LTC has been quietly accumulating energy in this tight range for days — all the coils are compressed, and the spring is about to pop! I’m expecting a strong impulsive move upward very soon. My targets: 🎯 Target 1 — 89 🎯 Target 2 — 91.20 (main zone I’m watching) ❌Invalidation (plan cancelled): 85.89 If we break and hold above the recent highs, this thing can run fast. Watching it closely! Who’s in? Smash the like & follow for updates 🔥
Long
by chart1stry
3
LTCUSDT on the Rise: Major Breakout Signal!!MARKETSCOM:LITECOIN ( BINANCE:LTCUSDT ) has broken out of a major resistance level with strong volume, indicating renewed bullish momentum. This breakout marks the start of a potential uptrend, as BINANCE:LTCUSDT shows strength above the critical zone. If the price holds above this resistance level, we could witness further upside movement, potentially challenging and even surpassing its previous all-time high. With increasing market interest, LTC might just be gearing up for a remarkable rally. BINANCE:LTCUSDT Currently trading at $130

 Buy level: Above $115 Stop loss: Below $85 Target : $410 Max Leverage 3x Always keep Stop loss

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Long
by GreenCryptoTrades
Litecoin Joins ETF Race, Boosting Market OptimismLitecoin (LTC), one of the earliest and most established cryptocurrencies, has recently entered the burgeoning race for a spot Bitcoin ETF, mirroring similar efforts in other cryptocurrencies like XRP. This development, coupled with growing community support for Lightchain AI following the rollout of ETF trading features, has ignited renewed interest and bullish sentiment in the Litecoin market. Canary Capital's recent Litecoin ETF filing has sparked a market rally, coinciding with a period of anticipated leadership change at the Securities and Exchange Commission (SEC).1 This article explores these developments, analyzing their potential impact on Litecoin's price and its position within the broader cryptocurrency ecosystem. Litecoin Joins the ETF Race: A Sign of Maturing Market The filing for a Litecoin ETF marks a significant step in the cryptocurrency's evolution. Exchange-Traded Funds (ETFs) offer investors a regulated and accessible way to gain exposure to an asset without directly holding it.2 The potential approval of a Litecoin ETF could open the door to a wider range of institutional and retail investors, driving increased demand and liquidity for LTC. This move mirrors the ongoing efforts to establish a spot Bitcoin ETF and recent developments surrounding XRP. The pursuit of ETFs for various cryptocurrencies reflects a growing acceptance of digital assets within traditional financial markets. It also signals a maturing market, with increasing regulatory scrutiny and the development of more sophisticated investment vehicles. Canary Capital's Filing and Market Reaction Canary Capital's filing for a Litecoin ETF has been a catalyst for positive market movement.3 The announcement triggered a noticeable price rally for LTC, demonstrating the market's anticipation of potential ETF approval. This reaction highlights the significant impact that regulatory developments and institutional adoption can have on cryptocurrency valuations. The timing of Canary Capital's filing is also noteworthy, coinciding with anticipated leadership changes at the SEC. This transition could potentially lead to a shift in regulatory approach towards cryptocurrencies, potentially creating a more favorable environment for ETF approvals. Lightchain AI and ETF Trading Features: Enhancing Litecoin's Ecosystem The development and growing community support for Lightchain AI, particularly following the rollout of ETF trading features, further strengthens Litecoin's position. Lightchain AI aims to enhance Litecoin's functionality and scalability, potentially addressing some of the network's limitations. The integration of ETF trading features within the Litecoin ecosystem provides users with more convenient access to ETF-related products and services. This integration can further drive adoption and usage of Litecoin, particularly among investors interested in participating in the ETF market. Technical Analysis: Trading Above the 20-Day MA From a technical analysis perspective, Litecoin trading above its 20-day moving average (MA) is generally considered a positive signal. The 20-day MA is a widely used indicator that tracks the average price of an asset over the past 20 trading days.4 When the price crosses above this average, it can suggest a shift in momentum from bearish to bullish. This technical indicator, combined with the fundamental developments surrounding ETFs and Lightchain AI, paints a more comprehensive picture of Litecoin's current market position. Challenges and Considerations Despite the positive developments, Litecoin still faces challenges. The SEC's stance on cryptocurrency ETFs remains a significant hurdle. The regulatory landscape for digital assets is still evolving, and there is no guarantee that a Litecoin ETF will be approved. Competition from other cryptocurrencies also poses a challenge. While Litecoin has the advantage of being one of the earliest cryptocurrencies, it faces competition from newer and more innovative projects.5 Long LTC: A Bullish Perspective The phrase "Long LTC" expresses a bullish sentiment towards Litecoin, suggesting a belief that the cryptocurrency's price will rise in the future. This sentiment is supported by several factors, including the potential for ETF approval, the development of Lightchain AI, and positive technical indicators. However, it's crucial to remember that investing in cryptocurrencies is inherently risky. Market volatility, regulatory uncertainty, and technological developments can all impact the price of digital assets. Conclusion Litecoin's entry into the ETF race, coupled with community support for Lightchain AI and positive technical indicators, has generated significant excitement within the market. Canary Capital's ETF filing and the anticipated SEC leadership change have further fueled this momentum. While challenges remain, the combination of these factors suggests a positive outlook for Litecoin. The potential approval of a Litecoin ETF could mark a turning point for the cryptocurrency, opening it up to a wider audience and solidifying its place within the evolving financial landscape. As always, investors should conduct thorough research and exercise caution when investing in cryptocurrencies.
Long
by bryandowningqln
What Is Driving the High Activity of Litecoin Whales?**Litecoin Whales Are Active: Over 50% Of Market Cap Being Shifted Around Daily** On-chain data shows that Litecoin whales have been active recently, as the network has handled many large moves. **What is a Whale?** In the cryptocurrency world, a whale is an individual or entity that holds a significant amount of a particular cryptocurrency. Whales can influence the market by buying or selling large amounts of a cryptocurrency, which can cause significant price fluctuations. **Litecoin Whale Activity** Recent on-chain data has revealed that Litecoin whales have been particularly active in the past few weeks. Large transactions, often exceeding millions of dollars, have been observed on the Litecoin network. This increased activity suggests that whales may be accumulating or distributing their holdings. **Why is Whale Activity Important?** Whale activity can have a significant impact on the price of a cryptocurrency. When whales buy large amounts of a cryptocurrency, it can drive up demand and push the price higher. Conversely, when whales sell large amounts of a cryptocurrency, it can increase supply and put downward pressure on the price. In the case of Litecoin, increased whale activity could be a bullish sign. It suggests that large investors believe in the long-term potential of the cryptocurrency and are willing to accumulate more coins. This could lead to increased demand and higher prices. **Potential Reasons for Whale Activity** There are several potential reasons for the recent increase in Litecoin whale activity: 1. **Halving Event:** Litecoin is scheduled to undergo its next halving event in August 2023. A halving event reduces the number of new coins minted, which can lead to increased demand and higher prices. Whales may be positioning themselves to benefit from the upcoming halving event. 2. **Institutional Adoption:** Institutional investors have been increasingly interested in cryptocurrency. Litecoin, with its established track record and strong community, could be an attractive investment option for these institutions. Whale activity could be a sign of increased institutional interest. 3. **Market Speculation:** Whales may be taking advantage of market volatility to profit from price fluctuations. By buying low and selling high, whales can generate significant returns. **Conclusion** The recent increase in Litecoin whale activity is a noteworthy development. It suggests that large investors are taking an interest in the cryptocurrency and may be positioning themselves for future gains. While it's impossible to predict the exact impact of whale activity on the price of Litecoin, it's clear that it could play a significant role in shaping the future of the cryptocurrency. **Disclaimer:** This article is for informational purposes only and should not be construed as financial advice. Always conduct thorough research or consult with a financial advisor before making investment decisions.
COINBASE:LTCUSDLong
by bryandowningqln
1
Litecoin LTC Will Surprise You!Hello, Skyrexians! According to your activity we can see that you are interested in old altcoins. We have already considered DOGE and XRP, today it's time for COINBASE:LTCUSD . In our opinion Litecoin can show the best performance in this bull market. Let's take a look at the weekly time frame. We can see that bull run in 2017 was the global impulsive wave 1. After that price is going sideways for 7 years! We assume that this is global wave 2 in shape of flat correction which has the clear ABC structure. This wave has been finished inside the 0.61 Fibonacci retracement level. Current price action looks like pre-pump formation. We can see that Bullish/Bearish Reversal Bar Indicator printed the green dot recently. As you can see in the past this is very strong signal which will likely lead to a great uptrend. This uptrend is going to be global wave 3 which has the targets between 1.61 and 2.61 Fibonacci levels at $740 and $1200. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
COINBASE:LTCUSDLong
by Skyrexio
20
Litecoin Surge 5% on Speculation of An ETF Filing Litecoin ( CRYPTOCAP:LTC ), the pioneering Proof-of-Work (PoW) digital currency, has recently gained renewed attention following Canary Capital’s filing of a spot Litecoin ETF application with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone, as it's the first of its kind in the United States, potentially offering investors institutional-grade exposure to the cryptocurrency. Canary Capital, a U.S.-based asset management firm, filed the Form S-1 with the SEC, naming the product the Canary Litecoin ETF. This filing follows a similar push from the firm earlier this month for an XRP ETF, signaling growing interest in expanding regulated funds tied to digital currencies. Litecoin’s Unique Position in the Market Litecoin ( CRYPTOCAP:LTC ), launched in 2011, is one of the oldest and most battle-tested cryptocurrencies. Its blockchain boasts a 100% uptime, making it a reliable digital asset in a market known for volatility and disruptions. Despite its longevity and utility status, Litecoin’s influence has waned in recent years, with newer blockchain projects overtaking it in rankings and market share. However, Canary Capital sees this as an opportunity. In its filing, the firm expressed strong confidence in Litecoin's enterprise-grade utility, citing its scalability and resilience as reasons why an LTC ETF could offer investors significant value. While the approval odds for such products have historically been low, especially in the U.S., Litecoin’s status as a commodity could work in its favor. This distinction may allow the SEC to approach the application with a more favorable outlook. Implications for Litecoin ( CRYPTOCAP:LTC ) In the wake of the ETF filing, Litecoin's price saw a significant 6.5% surge, reaching $71 within 24 hours. Historically, institutional interest in cryptocurrencies, especially through ETF filings, has driven substantial price action. Should the Canary Litecoin ETF gain approval from the SEC, it could trigger a broader rally for the digital asset. Though the market has yet to see how the SEC will respond to this proposal, investors are optimistic. Historically, cryptocurrency ETFs have faced regulatory hurdles, but a successful approval could pave the way for Litecoin to reclaim its place among the top-tier digital assets. Technical Outlook On the technical front, Litecoin ( CRYPTOCAP:LTC ) is showing signs of gearing up for a significant move. As of this writing, CRYPTOCAP:LTC is up 4.19%, trading within a tight rectangular pattern, a sign of indecision among traders despite the coin's recent gains. However, Litecoin ( CRYPTOCAP:LTC ) is forming a bullish symmetrical triangle on the daily chart, a classic technical indicator that often precedes a strong breakout. This potential breakout could be triggered if CRYPTOCAP:LTC breaches the triangle’s upper resistance, which aligns with the pivotal price point of $75. If Litecoin ( CRYPTOCAP:LTC ) manages to break above this key level, it could ignite a renewed bullish campaign, with the next significant price target set around $100. Given that Litecoin's all-time high (ATH) was $412.96 in 2021, a return to those levels could represent a substantial upside for investors. Fundamental Catalysts In addition to the technical indicators, fundamental factors could further drive Litecoin's price upward. The filing of the ETF proposal adds legitimacy to Litecoin’s role in the broader crypto ecosystem. Furthermore, as interest in digital currencies continues to rise, an approved ETF could increase demand for CRYPTOCAP:LTC , attracting both retail and institutional investors. While Litecoin ( CRYPTOCAP:LTC ) has lost some of its luster compared to newer blockchain projects, it remains a solid, reliable asset with a strong track record. The combination of technical signals and the potential for regulatory approval makes Litecoin a cryptocurrency to watch closely in the coming months. Conclusion The Canary Litecoin ETF filing has already generated significant excitement among investors and could mark a turning point for $LTC. With a strong technical setup and bullish fundamentals, Litecoin ( CRYPTOCAP:LTC ) seems poised for a significant rally if the ETF gains approval from the SEC. For long-term holders and traders alike, Litecoin’s resurgence could be one of the major stories of the upcoming crypto cycle.
BINANCE:LTCUSD.PLong
by DEXWireNews
LTC/USD LiteCoin Market Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist LTC/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
COINBASE:LTCUSDLong
by The-Thief
Litecoin - DON'T miss this SECOND CHANCE on LTC📉Hi Traders, Investors and Speculators of Charts📈 Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle . I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the correction phase to be close to/ before the BTC halving which is in April . So far, we're starting to see what looks like a pullback across all crypto's. BTC corrected from 48k to 41K, and currently the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts. The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over. For the near term, I'm expecting LTC to trade range between the upper resistance and lower support as pointed out on the chart. This is a great re-accumulation zone, incase you missed the first one. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD KUCOIN:LTCUSDT
Long
by Crypto-Check-
8
LTCN Discounts were in, Will the PARABOLIC Premiums come back?It is amazing how well grayscale litcoin performed during the last bull market, I hope everyone took profit. All time highs was around $500 and was selling for around a 6000% premium. Can we truly go parabolic after January 10th, 2024 when the sec finally approves a bitcoin spot etf, and imagine getting some type of premium back during the bull market after btc halving. Props to the people who watched this during the bear market while looking for small sideway movements during two months and started accumulating on the way up from 2$ to around $17.87 at the time this chart was created.
OTC:LTCNLong
by AznSteel
Litecoin Targeting Weekly ResistanceTend Bullish Litecoin price has a weak spot that could implode with LTC diving 15% The network has gained more than 300,000 new addresses in the first week of May. The next Litecoin halving is scheduled for August 12 tentatively, and such events have been synonymous with price rises. Litecoin price, despite having a major event coming up in about three months, is still mostly following the broader market cues. However, the altcoin’s investors have been growing bullish by the day, and the same is visible in their participation, which is currently far higher than the average. In the first week of May, the Litecoin network noted the addition of nearly 300,000 new addresses that hold some amount of LTC. This is a nearly 300% jump from the average weekly rate, as throughout the last month, the network only added a total of 300,000 addresses, bringing the weekly average to 75,000. The total addresses holding a balance now stand at 7.56 million, and the possibility of the same rising further is high. This is because the “silver to Bitcoin’s gold” is set to go through its third halving event, wherein the reward for validating a block will be slashed by 50% from 12.5 LTC to 6.25 LTC. These events have been synonymous with price rises, as observed in the past in August 2015 and August 2019. Thus by the looks of it, crypto investors are preparing to bank on this potential and make profits by joining the network. This could prove to be bullish for the price action as well, as investors could likely accumulate further, given Litecoin price is low right now. As it is, the Relative Strength Index (RSI) is nearing the oversold zone, below 30.0. A move into the zone followed by an exit would confirm a reversal in trend, triggering a recovery rally. If this situation plays out over the next couple of days, Litecoin price might be in for a rally.
CAPITALCOM:LTCUSDLong
by DaveBrascoFX
6