Hello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far. So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle...
I just wanted to point out where I believe we are in the LTCN cycle. BCHG seems to have front run LTCN in this cycle. BCHG broke through the .786 and corrected perfectly down to touch the .7 LTCN is correcting are the .618 where BCHG didnt. So what I see is LTCN is going to break the .786 at $132 spike up to $160 and then come back down to the .7 at $84 before...
BCHG has broken through all the resistance levels. Next one is around $24.50 and if it can get through that then I see a straight shot to $43 and then $55. At those levels I would expect a decent pullback perhaps up to 50% before its attempt to break the high. BCHG is much further along than LTCN in its run. LTCN still has a long ways to go to reach the level...
As you can see from the chart LTCN has very little resistance from $28.50 to CSE:TO 95 dollars. Once LTCN gets above $28.50 and closes above prefereably on a daily then its game on in my opinion. Next stop would be $95 and then $200 both areas of probably light resistance. The heavier resistance comes in at the prior all time high at $458. The move to $90...
Candles are LTCN - Grayscale LTC Orange line is LTC. Notice the price divergence. LTC at generational bottom. And will correct to reflect LTCN price action soon. $400 will be new support. Not financial advice.
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...
Hello everyone. BCHG and LTCN are moving almost in sync. I believe both of these trusts have the potential to surpass their all time high. BCH and LTC are both considered non securities and are two of only 4 cryptos total that the USA is allowing USA institutional and accredited investors to be able to purchase and invest in. I believe because there are so few...
LTCN is about ready to pop. The inverse head and shoulders measured move would bring it to around $10 then a small correction before a massive rally to $35 and beyond, all depending on what Litecoin does. I believe Litecoin will be thousands of dollars in the next bull run as its is one of the very few that are not securities and are commodities. If that...
📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin. 🟢These are the ETF's aggregated here: PROSHARES BITCOIN STRATEGY ETF GRAYSCALE BITCOIN TRUST (BTC) GRAYSCALE ETHEREUM TRUST (ETH) AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK) BITWISE 10 CRYPTO INDEX FUND (BITW) GLOBAL X BLOCKCHAIN ETF...
If you believe in LTC, LTCN might be for you. It's currently exposing LTC to you at a discount of ~42%. Let's assume the discount vanishes and LTC reaches old or even new highs. Here's where LTC is going. It's a multiplier on LTCN gains. The lowest graph is the relation between LTCN and LTC - each share of LTCN represents a small amount of LTC. At a ratio of 1...
Grayscale litecoin (LTCN) has over a +35% premium discount. it broke below 9. all time high was $485. anything under 10 to me is a huge buy zone/deal. setting up for a possible great bullish run through first quarter and into the new year. we also have dollar dipage (dollar dip/crypto rip) hopefully running with bitcoin esp if it can make its new all time...
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Grayscale Litecoin Trust (LTCN). It seems that based on historical trends, when the RSI is near the overbought region, the price pumps. Could that happen again? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments...
LTCN has bottomed. I see it going back to the $260 region likely before October. Entry at $15.97-15.98.
Adding more $LTC here. Could be a little early on the bottom but will add more if we go lower from here. R/R looks good.
Just an observation, not investment advice or recommendation.
At a beautiful fib retracement for a wave 2 down and LTCUSD has a beautiful bowl and at support. This should get to at least $800-1k when it's all said and done, at $74 now.
Buy support, simple chart.
Grayscale Litecoin Trust looks ready to run again I might be wrong - this is not financial advice - Bitcoin is going up and dragging everything else with it. That does not mean people will pile into this right now - but I will buy some and see how it goes and maybe buy a bit more if it drops more.