Let's see how true this plays out going into 2023. I prefer to trade long term and create guides like this for myself to keep me on track. Hope it becomes useful for others as well.
Not Financial Advice.
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...
Looks like an earliest stage of a breakout preceded by similar patterns formations on the bottom.
Comparing those patterns is justified because as we zoom into first pattern it pretty much coincides with behavior of the second.
Horizontal Fibs aren't used as a retracement, but shows how critical high points of fractal indexed 0 and 1 gives out golden ratios that...
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...
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Social Link #1: twitter.com
Social Link #2: twitter.com
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...
This pendant has been shaping up for the past 2.5 months on the LTC:BTC pair.
It broke out a few days ago (up).
It's in a huge resistance band now ... the pivot area. Facing a lot of head wind.
If it can break out of this resistance ... there seems to be a lot of upside.
Is LTC going to do something special for us?
Use at your own risk ... this is not trading...
So broke another of it's triangles. Could be now forming a bullish pennant (so far usually ltc fails lol)
But this looks decent to me. I would personally buy the retest. But that's me - not financial or investment advise.
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
The profit target is at the...
There is no doubt here, LTCBTC is ready to for one of it's know historic runs.
It's currently testing the monthly level which is historicly strong sušpport and a reversal point for LTC.
We had years of downtrend and once LTC breaks out it will recover in a matter of weeks.
My main target is 0.01780000
Take profits and enjoy the ride.