LTCBTC has been trading within a downtrend channel, with the price nearing the bottom side of this channel. Despite the prevailing downtrend, there are signs of a potential correction. A bullish divergence pattern is forming, indicating a weakening bearish momentum and a possible trend reversal.
Given these observations, we are considering initiating accumulation...
New targets are 1.295 and 1.618
It doesn't mean that LTC/USD will go down.
But I suspect BTC/USD will go up and riding high in April.
BTC Dominance has to hit .618 (at around 60%) in order for alt coins to go up higher against BTC.
Otherwise, Alt/BTC pairs will go down building new lows 😃
After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair.
Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.
I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄
Maybe we have to run out of BTC first in order...
March 1st 7 years ago this exact thing happened as soon as Bitcoin broke the high. Lets see if history rhymes. It may just look like a bunch of lines but these lines are all trendlines. many times price falls right into where X marks the spot. The more trend lines that go through that price the more likely the price will retrace to that exact spot and time. ...
We've closed a daily candle after solid breakout, which means we're now going to the moon.
I honestly think LTC will be one of the best performaers in this bull cycle.
The bottom was in (you can see significant volume and it was a V shaped recovery) and now we'll be making our way up.
The only thing that could ruin this party (as always), is if BTC makes a...
The ratio for LTC/BTC could play out something like this.
March will be a boring month, but you could make some money if you trade the range.
We will see tho!! I know for sure, April we will be riding on top 😃
The small image is an 81% drop from Doge/BTC in 2019-2020 before the spike up.
LTC/BTC just did a similar 81% drop move.
These are 1 month candles. So don't expect for price action to happen tomorrow 😆. But LTC/BTC surely is within the bottom.
LTC/BTC can go up anytime in March - April and you'll drop your jaw.
Litecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring...
The fib level 0.618 (0.001111) is an attractive target considering LTCBTC had significant reaction to the 0.5 fib level. This is the only explanation I can come up with as to why Litecoin wants to go this low with its strong fundamentals.
Litecoin's journey against Bitcoin has largely been marked by a persistent downward trend, yet today's observations hint at a potential shift in momentum. A noticeable rebound has materialized, precisely rebounding from the 441.4% Fibonacci support level, suggesting a possible end to the decline.
To validate the likelihood of this reversal, close attention must...
This is the 3M LTC/BTC chart.
If you look closely, every 3M candle touches the MA support band.
The current 3M candle has been trading away from the Support band.
The current 3M candle is for January -March, and currently is February.
We have less than 2 months for LTC/BTC pair to get back to the support band. AKA Litecoin will strengthen over Bitcoin in the...
Litecoin looks good on the TA
Mimblewimble (privacy) will get launched for it.
It's available on all exchanges.
Paypal allows trading it on their platform. It could be the only coin with privacy features on many exchanges, which would make it really appealing.
Coinbase have ties to Litecoin's founder, the recent IPO hype could spillover to Litecoin as well.
Alnog with hidden bullish divergence, we're looking at a massive breakout.
With the ETF approval being another 'sell-the-news' event (so predictable...), BTC is going to start dropping, LTC will keep USD value which means LTCBTC will go up.
Invalid if re-test fails and breaks back down to downward channel.
Share your thoughts in the comments section!
-> be careful the graph is upside down
my colleagues couldn’t stand it and sold litecoin
Litecoin was sold by my friends
and the old lady selling pancakes in a stall sold all the litecoins
We just have to wait for YOU to get rid of all your litecoins
and the action will begin
