Self explanatory, there is a 10 year wedge with no room left to squeeze happening on LTCBTC On chain metrics for LTC show usage, hash power, wallets, daily transactions all rising rapidly over the last 12 months. Everything for LTC is up except for its price. Expecting something explosive once this wedge breaks. 10 years for a wedge is unprecedented when it...
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...
Negative 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...
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...
Dear 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...
What we are seeing is an oversold Litecoin/Bitcoin ratio, which we can see from the RSI and its bullish divergence. The upside potential is highly dependent on how Litecoin performs in the coming weeks. Now its time to HODL and chill.
AFTER ICP I RECOMMEND THINKING OF LTC; As BTC continues its bullish price movement, by starting another Alt-season LTC could be a good asset to hold.
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LTC/BTC consolidation can last for the next 4-5 days from now. I am currently waiting for a triple bottom 😃
LTCBTC 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...
New targets are 1.295 and 1.618 It doesn't mean that LTC/USD will go down. But I suspect BTC/USD will go up and riding high in April. BTC Dominance has to hit .618 (at around 60%) in order for alt coins to go up higher against BTC. Otherwise, Alt/BTC pairs will go down building new lows 😃
After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair. Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon. I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄 Maybe we have to run out of BTC first in order...
March 1st 7 years ago this exact thing happened as soon as Bitcoin broke the high. Lets see if history rhymes. It may just look like a bunch of lines but these lines are all trendlines. many times price falls right into where X marks the spot. The more trend lines that go through that price the more likely the price will retrace to that exact spot and time. ...
We've closed a daily candle after solid breakout, which means we're now going to the moon. I honestly think LTC will be one of the best performaers in this bull cycle. The bottom was in (you can see significant volume and it was a V shaped recovery) and now we'll be making our way up. The only thing that could ruin this party (as always), is if BTC makes a...
The ratio for LTC/BTC could play out something like this. March will be a boring month, but you could make some money if you trade the range. We will see tho!! I know for sure, April we will be riding on top 😃
Will get hit and off we go from there. Targeting LTC/USD at 66-67 bucks. Bullish until April 2024. Things about to be surprising.
LTC/BTC about to complete the Spring phase. Keep this idea in mind and we'll talk in 2 months from now. 185% coming for LTC/BTC