Something no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever...
Litecoins first big breakout after a long bear period A bullish reversal in the works? perhaps. I like it
Litecoin dominance was in a degenerative state since 2019. A strong reversal move has emerged with a 70% gain in a very short time. This is unusual for a dominance chart. The bars pattern placed just is a punt showing a recovery of the highs of dominance for LTC. Litecoin is a great long choice based on this chart and other charts linked below
October in the past has been seen as a short term bullish period for LTCUSD LTC right now is entering its October state and has formed a sharp bullflag like structure This could be the time for a breakout on relevant time scale similar to that seen in these prior years Interesting
Hey Traders, As you can see, the Litecoin Dominance Spikes are primarily found using the normal 0.236, 0.382, 0.5, 0.618, 0.786, and 1 levels. Based on this, we can expect the next run-up for Litecoin to be July 13th! Dominance will 100% keep falling until then but yeah, the peak will probably be where we are at now... assuming BTC has rallied, the current market...
LTC was develpped in October 2011 by Charlie Lee. It has since fallen from being a top 5 market cap coin to 12th. Even though this coin has been in a dominance downtrend for the last 5+ years, its fundamental tech has continued to improve, due to the severe lack of news surrounding this coin I truly believe this could be a major competitor for a major future...
Mirroring 0.618's climb within the circle 1.618's climb within the circle may result like this A result of this would be temporarily extremely bullish for LTCUSD
whatif~ cant tell if im joking or not aha
Litecoin (LTC) dominance has been supported by trend lines.
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LTC/BTC is at relative atl's showing quadruple hidden bullish divergence with a breakout and backtest of a descending wedge... ltc.d is at relative lows as well and showing hidden and class A bullish divergence on multiple time scales. Litecoin is being heavily suppressed by whales/exchanges because they dont have enough bitcoin for the coming ratio explosion....
Still in the downward channel with daily bearish divergence at the channel resistance with rejection. Can go to the bottom of the channel. Even if it breaks out of the channel, 1.37 is a very strong resistance because it was historical support now flipped resistance. XRP incredibly, crossed over it's historical support, but it was a fakeout as everybody knows.
Must breakout of descending channel, must break over historic support to change trend. Now hidden bearish divergence on the weekly. The pump was cause by a weekly real bullish divergence, but the question is how long it will go. I am sure those who bought the top in 2019 starting to feel some relief.