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BTCLTC trade ideas

Litecoin will outperform BTC by a LOTLitecoin (LTC) has officially entered a bull market relative to Bitcoin (BTC), marking a significant shift that began approximately one year ago. This analysis explores the key indicators and fundamental strengths that underline Litecoin's promising position in the cryptocurrency landscape. Technical Analysis: A clear bullish divergence has been identified on the weekly (1W) chart, and this pattern is also observable on the monthly (1M) chart, signaling a robust upward momentum. Such technical patterns underscore a sustained buyer interest and a potential for continued appreciation against BTC. Fundamental Strengths of Litecoin: Longevity and Stability: Litecoin has successfully operated for over a decade, showcasing remarkable resilience in the highly volatile crypto market. Historical Significance: It is the second oldest cryptocurrency, preceded only by Namecoin, highlighting its pioneering role in the sector. Influence on Other Cryptocurrencies: Litecoin's technology facilitated the creation of Dogecoin, demonstrating its impact and versatility. Widespread Adoption: Litecoin is not only listed on the majority of cryptocurrency exchanges but also featured prominently on all major platforms, enhancing its accessibility and liquidity. Visibility and Engagement: Searching for 'Litecoin' on Google or ' CRYPTOCAP:LTC ' on Twitter immediately displays the price graph, reflecting a high level of public interest and engagement. Institutional Interest: Notable investment activities by entities such as Grayscale indicate strong institutional confidence in Litecoin's potential. Investment Perspective: While neither Litecoin nor Bitcoin may represent the forefront of innovation in the current crypto era, both are likely to persist and maintain relevance due to their foundational roles in the industry. The long-standing track record and continuous investor interest suggest a stable future. Trading Goals and Strategy: The ultimate target for LTC/BTC is a fifteen-fold increase from the current levels, as indicated by the key resistance lines plotted on the charts. Investors are advised to consider holding their positions until reaching the previous all-time high (ATH) before making any decisions to sell or adjust their holdings. Conclusion: Litecoin's established history, combined with solid technical indicators and growing institutional interest, crafts a compelling case for its bullish potential against Bitcoin. As always, traders should monitor market conditions closely and adjust their strategies accordingly.
Long
by alfra
LTC/BTC - Litecoin: Super Trend◳◱ On the $LTC/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.001411 | 0.001608 | 0.001939 and support near 0.00108 | 0.000946 | 0.000615. Entering trades at 0.001276 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Litecoin ▣ Rank: 22 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.001276 ₿ ▣ 24HVol: 76.177 ₿ ▣ 24H Chng: -0.39% ▣ 7-Days Chng: -5.56% ▣ 1-Month Chng: -3.93% ▣ 3-Months Chng: 14.09% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.001411 | 0.001608 | 0.001939 ◢ Support: 0.00108 | 0.000946 | 0.000615 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.32 ▣ Last 90D: 1.12 ▣ Last 1-Y: -0.04 ▣ Last 3-Y: -0.02 ◲◰ Volatility : ▣ Last 30D: 1.09 ▣ Last 90D: 0.89 ▣ Last 1-Y: 0.72 ▣ Last 3-Y: 0.89 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.63 - Bullish ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.65 - Bullish ▣ In-depth LTCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Focus your gaze on LTCDear my friends, Yesterday I analyzed BNB's position against BTC. Today I also send to my friends an analysis of the price correlation of LTC compared to BTC. But before talking about price, please observe the volume of LTC compared to BTC. Is it gradually shrinking and waiting for a chance to break out? Now let's observe the price to find this opportunity. First there was an unsuccessful breakout in March 2022. Then it hit the trendline and bounced strongly again to break out in October 2022. Again it failed. And now, when you look at the chart I drew and you can see why I said it's time for LTC to move and regain ground. I will immediately enter a SPOT order here and TP in turn at the resistance zones above. ETH, BNB have begun to regain ground. And now it's time for LTC to step in. Best Regards,
Long
by DragonCaoB
Is there potential for Litecoin?🧐Hello, dear friends!🫶 The potential of Litecoin, like other cryptocurrencies, depends on various factors including market conditions, technological developments, global adoption, investor interest, and several other factors. Litecoin, like other cryptocurrencies, may experience significant price fluctuations and volatility in the market. Some investors and analysts see growth potential in Litecoin due to its fast transaction speed and low fees, making it an attractive means for quick and inexpensive fund transfers. However, like any investment asset, there are risks, and the success of Litecoin will depend on a wide range of factors, including market competition, technical innovations, and external economic factors.🤷🏼 After the last halving, the price surged from $40 to over $300. Note that Litecoin's price against Bitcoin has not risen since 2019, but its potential is no worse than many others that are experiencing significant pumps!🚀 I believe that by the end of this year or early next year, Litecoin will continue to grow. And if the price of Litecoin against Bitcoin also increases, the growth potential could be significant.⚡️ We will continue to monitor Litecoin's price movement, especially the wedge that has formed against Bitcoin! It's very interesting! How do you feel about Litecoin? Do you prefer "quiet" coins or do you like to chase hype? I'd like to hear from You in the comments! Thanks for Your attention, subscribe to stay connected!💙💛 Sincerely yours, Kateryna💋
Long
by RocketBomb
1
✳️ Litecoin | Negative Action Can Be A Positive SignalNegative action can be a positive signal. This is based on the fact that we know the Cryptocurrency to be a newly developing and growing market. Seeing Litecoin going down long-term, can be interpreted as a positive signal. I will add some context. If this were a different market, say the fax machine market or the mail market, the stock market or something old going bust, then negative action can be really bad. Knowing that it is a new, great and growing market, Cryptocurrencies that is, negative action for a long period of time can be a positive. Here Litecoin can be seen dropping forever and hitting a new All-Time Low this month, February 2024. This is the LTCBTC pair because the LTCUSDT pair is not the same. This is another reason why negative action can be a positive signal. Litecoin hasn't been dropping forever on its Tether pairing, only against Bitcoin. This means that the project is alive and not done. So this pair is only waiting for its turn to wake up, move up and grow. This is possible based on the chart: ➖ Highest volume in months just came in following a stop-loss hunt event (double bullish). ➖ A year long bullish divergence with the RSI. ➖ All-Time Low. An All-Time Low is always a bullish signals because the only place to go after a bottom hits is up. The same works in reverse: Once a pair trades near All-Time Highs, it can drop any day. Stay strong, stay true, stay healthy, stay safe. Take profits, enjoy the profits, be grateful and comeback for more. Thank you for reading. Namaste.
Long
by AlanSantana
9
10 year wedge while showing on chain fundamentals 1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity. 2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE) 3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile. 4) New Chart now has on chain fundamental for LTC to compare to 5) LTC is the #1 most used coin for crypto payments, it surpassed BTC in decemeber and is now more then the next 3 most used coins combined on bitpay, the largest current crypto payment provider. 6) Venmo has added LTC as a payment option This chart looks a lot like doge pre pump, almost identical actually and its fitting seeing as how DOGE is an old LTC fork
Long
by thecardiak
Navigating a Downtrend Channel with Potential for ReversalLTCBTC 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 from the provided accumulation zone. This zone serves as a strategic entry point to accumulate LTCBTC at favorable prices. To manage risk, a stop loss of approximately 20% below the accumulation zone is recommended. Once LTCBTC begins to show signs of upward momentum, the profit-taking strategy can be initiated. The initial profit-taking area starts from the immediate resistance level and extends towards the important sell-off zone. It's important to exercise patience, as the anticipated movement may unfold gradually rather than rapidly. We should refrain from expecting immediate results and maintain a longer-term outlook. Your insights and feedback on this analysis are welcome. Thank you.
Long
by weslad
5