Hello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle...
I just wanted to point out where I believe we are in the LTCN cycle. BCHG seems to have front run LTCN in this cycle. BCHG broke through the .786 and corrected perfectly down to touch the .7 LTCN is correcting are the .618 where BCHG didnt. So what I see is LTCN is going to break the .786 at $132 spike up to $160 and then come back down to the .7 at $84 before...
As you can see from the chart LTCN has very little resistance from $28.50 to CSE:TO 95 dollars. Once LTCN gets above $28.50 and closes above prefereably on a daily then its game on in my opinion. Next stop would be $95 and then $200 both areas of probably light resistance. The heavier resistance comes in at the prior all time high at $458. The move to $90...
Strong historical attraction to $7 level implies a return here with foreseeable 5-week consolidation in this range. Further analysis with fibonacci retracement reveals $7 at the golden zone precisely. OTC:LTCN
Strong historical attraction to $7 price level suggests a likely return here with a foreseeable 5-week consolidation in this range . A fibonacci retracement confirms $7 at the golden zone .
Candles are LTCN - Grayscale LTC
Orange line is LTC. Notice the price divergence.
LTC at generational bottom. And will correct to reflect LTCN price action soon.
$400 will be new support.
Not financial advice.
It is amazing how well grayscale litcoin performed during the last bull market, I hope everyone took profit. All time highs was around $500 and was selling for around a 6000% premium. Can we truly go parabolic after January 10th, 2024 when the sec finally approves a bitcoin spot etf, and imagine getting some type of premium back during the bull market after btc...
LTCN is about ready to pop. The inverse head and shoulders measured move would bring it to around $10 then a small correction before a massive rally to $35 and beyond, all depending on what Litecoin does. I believe Litecoin will be thousands of dollars in the next bull run as its is one of the very few that are not securities and are commodities. If that...
If you believe in LTC, LTCN might be for you. It's currently exposing LTC to you at a discount of ~42%. Let's assume the discount vanishes and LTC reaches old or even new highs. Here's where LTC is going. It's a multiplier on LTCN gains.
The lowest graph is the relation between LTCN and LTC - each share of LTCN represents a small amount of LTC. At a ratio of 1...
Grayscale litecoin (LTCN) has over a +35% premium discount.
it broke below 9. all time high was $485. anything under 10 to me is a huge buy zone/deal. setting up for a possible great bullish run through first quarter and into the new year. we also have dollar dipage (dollar dip/crypto rip) hopefully running with bitcoin esp if it can make its new all time...
Looking at the total crypto-market cam reveals a short term bounce into Apr/18+ and crash into Jun/12
s3.tradingview.com
While the big-picture calls for one more bounce thereafter inot 2023/Apr-May
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According to that, LTC should drop and bounce to complete triangle:
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The LTC/LTCN ratio:
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Suggests LTCN...
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Grayscale Litecoin Trust (LTCN).
It seems that based on historical trends, when the RSI is near the overbought region, the price pumps. Could that happen again?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments...
We have extremely bullish potential for LTCN (grayscale proxy for LTC).
While LTC may run from sub $100 -> $400, LTCN can run from sub $6 -> $130!
See the LTCUSD/LTCN:
s3.tradingview.com
Triple bottom breakout on increasing volume. Moved out of the channel and currently in consolidation. Underlying LTC moving higher with BTC. NAV at over $10 with LTCN sitting at $6. Wild rally to follow. Get on the train.
