- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge!
- Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see.
- Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even...
Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022
We look at the logarithmic chart
LTCBTC is trading near the lower support line of the descending channel, against the backdrop of good news, I expect a rebound to the middle line of the channel, and possibly even to the channel resistance line.
Current LTC price 70$
Best regards EXCAVO
For those who have been following for a while you may already be well aware of our stunningly correct bearish stance on the entire crypto space since Spring of 2021 (how we doing bulls?). If this were NBA JAM the video game--anyone who understands the inherent unpredictability of markets and posseses the ability to 'zoom out' likely would have uttered the phrase...
As i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see...
Once the descending (bearish) trend inside the parabola is broken, and that will happen soon, watch Litecoin 10X in $BTC.
If you think I was right and you like my ideas, you can donate (or NOT) some LTC to my address:
LTC: Y1ynw3sRi2tYkvtxNWLthsDqGzfcwBA9QsJmM4Q1zGfWATlnb8gpeYname073dxW
Mr. Lee,
Will LTC HODLERS:
1) Have to pay you back when the LTC/BTC ratio goes negative? How does that work in such a scenario?
2) Can they use your Lightning Network for their ECT when they fall into a deep depression upon reaching such a negative state?
Inquiring minds want to know...
Sincerely,
Ambassadorj
The multi-year resistance is coming to the end as we can see on the MACD indicator the bullish divergence. This could explode in a week or two as a start of the biggest ALT season in history.
This is an update to my last big picture Litecoin chart "For those who can see the Lite shall witness the phoenix ARIZE" (linked in related ideas) which illustrates the potential upside that lies ahead. It is said that elliot wave analysis (when done properly) has the ability to forecast major bottoms (or tops) precisely to the tick. As I have improved my skills...
Litecoin showing great setup of Re-Accumulation (Bull-Flag) and you can find this chart easy to use on other assets where you can find Descending Wedges.
My previous Litecoin analysis was posted on January 23 2019, achieved about 45% profits so far, and still active targets.
time has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this...
Litecoin has underperformed compared to many Alt's over the years. But everyone has atleast heard of it, as it was one of the first for many years that Coinbase offered. Part of "The Big Three"
As it slipped off the radar for many it is a solid coin. P2P and PoW, it's simple fundamentals make it great.
It's scrypt algorithm makes it good for miners as there is...
unbelivable. 444 days before the halving. Historically best time to buy ltc has been 200-250 days before the halving but i think that its not bad idea to start buying it shortly especially thanks to bear market ;)
Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away.
We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be...
>>> Litecoin has reached the lowest levels relative to Bitcoin in its History.
>>> Litecoin/Bitcoin has also broken out of a multi-year downtrend, almost identical to the previous cycle.
>>> LTCBTC Wedge is a very reliable pattern. LTCBTC is finding support in this wedge, suggesting a similar pivotal point is approaching.
>>> The Pivot Trade:: This is...
Possible bullish week
In this moment there seems to have been the bottom, a possible scenario would be the retest of the upper triangle with a new bullish wave. For this bullish scenario the price must not fall below the support (dotted line), otherwise with a retest of the buy zone (red rectangle) the scenario would be invalidated in the short term.
No financial advice
BINANCE
