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...
Goblin Capital presents you another OG coin that is about to rip.
The 'Goblin Algoritme' indicates that OG coins are about to pump into oblivion.
In addition, I expect the ancient narrative (Bitcoin = Gold, Litecoin = Silver) to pick up soon.
If you look at historic price action (PA), accelerations basically go vertical with not much time to hop on the train....
Break of 8/1 fan will probably lead to a new LTC/BTC ratio all time high, likely along with a new LTC/USD all time high. This is a long term play, hence the monthly chart.
in the past 2 cycles Litecoin pumped at the end of the bear market and then pumped to the highest monthly close of the Litecoin-Bitcoin pair of the previous bull.
tldr:
- LTCBTC reached historic peak levels
- RSI reached historic peak levels for LTCBTC
if history rhymes LTC / BTC reached its target and should decline from now on
LTC/BTC have traded against eachother within this huge range since the beginning and this range has always been well respected and now we are on the lower end of the range and have broken out of a Falling Wedge and are now Piercing back within the support zone we very much needed to stay above and now could be looking for a retrace back to the upper end of the...
#LTC/BTC Technical Analysis:-
#Litecoin Is currently trading around 0.0036 BTC level.
As Per chart Big Resistance Level is 0.0044 BTC
If Break 0.0044 BTC level then I am expecting Big Move upward side but IMO not break and It will test again New Low’s.
So Be ready for Both Scenario and Never open any trade Blindly.
I am Fully Prepared for Next Bull Market and...
I just remembered that my friend @mprspartan1 asked me about Litecoin vs Bitcoin (LTCBTC)... Is this a real move?
Yes, it is very real based on the chart technicals.
The low was set June 2022 followed by a strong breakout and consolidation before additional growth.
Think of Dogecoin, both vs Tether and vs Bitcoin...
This is exactly what Litecoin is going...
LTC has been an underperforming token when compared to BTC for a very long time. The performance was even worse when compared to ETH or other altcoins.
But that may change!
LTC/BTC has broken out of a bearish channel in which it has been trading for 4 years, which can potentially be the start of something great.
Going to keep my targets (blue) close, since the...
Blue horizontal line is my next target for LTC to grow against btc.
Looks like we are getting a retest over resistance now with a possible continuation impulse.
Not financial advice. Do your own DD.
Good luck
crypto is hand in hand with innovation. last years, have been incredible - tremendous growth, new protocols, defi, metaverse, all of it. beautiful. but we have come to notice, that - as beautiful these new innovations are - and as promising they happen to be - they are NOT waterproof just yet. UST collapse (LUNA) showing that algorithmic stable coins aren't ready...
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Website: litecoin.org
CoinMarketCap: coinmarketcap.com
Founder: twitter.com
Social Link #1: twitter.com
Social Link #2: twitter.com
Random Facts:
Litecoin is a fork of Bitcoin. With '4x' times more supply.
Litecoin has a feature that allows share mining with Doge.
Dash is a fork of...
Litecoin (LTCUSD) has been greatly overperforming against Bitcoin (BTCUSD) since June 13 and last week even broke above the Lower Highs trend-line that has been holding since the April 2019 Highs.
This rally is coming after the completion of a technical Cup and Handle (C&H) pattern, after breaking above the 1D MA50 (blue trend-line) and having the 1D MA200...
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished!
This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings.
Regarding my Elliott Wave analysis, a major impulse...
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