OMG! ALT Season is SO CLOSE!!!! ALT HOLDERS will BECOME RICH!6 1/2 years of a corrective cup formation for massive coin absorption in the market for the market makers.
notice each low is holding in an upward support level and not fully reclaiming after each correction down.
notice that the handle from the 2021 bull season trap at the highs was a corrective formation to build out the handle pullback. we are now forming tight consolidation within a small major breakout retest on old resistance from the handle.
when the green triangle breakouts out it will run north! potentially could pull back one more time within the green triangle and retest the support for a major BUYYYY!!
THIS LOOKS SO GOOD AND YOU BETTER HAVE YOUR ALTS READY TO GO!!!
2017 is in motion again!
BULLS WILL RUN HARD!
LTC-BTC
PEPE About To CollapseBearish divergence on RSI once RSI breaks the median PEPE is coming straight down to the 382 before moving up again. The whole market will probably correct as well, just PEPE will have a greater correction because of how fast it went up. What goes straight up comes straight down. I think Pepe will top out in the first half of this bull run around the end of this year or maybe 2025 I don't know when this first half will be over. After that PEPE will collapse with the rest of the useless crap out there as we enter hyperinflation. Only strong will survive at that time. So far my only list of survivors are BTC, LTC, DOGE and maybe ETH if ETH's rising wedge doesn't break. If ETHs rising wedge breaks its GG for ETH just like Luna.
None of this is financial advice this is all just my opinion.
Litecoin and Bitcoin Move Together But Play Leap Frog For everyone scared of the price Litecoin is at just look at these charts. I am simply comparing Litcoin price movement to Bitcoin price movement. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did, damn good possibility and then while Bitcoin consolidates Litecoin could start its parabolic rally. Litecoin could move up in that scenario too like it did in 2018. Dont get shaken out, its just the impatient who are freaking out. Litecoin isnt going anywhere. Its the most used chain, its not dead by any means, just the price is not reflecting it at the moment, the price will rise to meet Litecoins value, its inevitable. Smart money invests in Bitcoin and Litecoin, Children invest in Doge and Shib.
Not financial advice
$AVAX Update - Strong Support Zone - Potential for breakdownA few updated price levels on AVAX, Incredible asset but has the potential for a breakdown below current levels, if it maintains (Which I think it will), we should see a rise to the outlined $28 region.
Refer to my previous CRYPTOCAP:AVAX post for more information.
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out.
When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH.
Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall.
September 2023
Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP.
Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”.
Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers.
June 2023
EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT).
For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans
later this year to launch a clearinghouse to help settle trades.
Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
XDC Xinfin IS ABOUT TO RIP TO THE UPSIDEXDC Xinfin has been in this falling wedge bull flag pattern for a while and it broke out and is now holding above it. The RSI and the Stoch RSI is getting a fresh curl to the upside. I believe XDC is about to explode. I would say about $.06 then a correction and continuation to the upside after that. I believe XDC can get way past its all time high in this next run. If I take a measured move of the wedge/flag it would put XDC over a dollar. This is not financial advice this is just my opinion. Thank you
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin.
Rsi trend has bottomed along with the price action within this wedge.
RSI is showing bullish divergence over the last several weeks.
Volume has been flat or declining in this wedge, often a reversal signal.
This could be as much as a 30% move up to the next resistance area.
This is the product of two potential outcomes.
1. BTC declines while LTC remains flat.
2. LTC gains while BTC price remains flat.
45m: $LTC - Beautiful; Trendline BustedHey y'all. Lets just appreciate how beautiful LTC looks this fine Saturday.... ;)
Jokes aside, LTC can busted through the local trendline on the 45min time-frame and is now breaking above the local demand line and is getting some nice follow through from the bullish divergence i.e the RSI.
LTC is looking pretty good compared to some of the other coins and its price movement/structure is a lot more appealing when trying to size up the asset and make a better judgment on where she might go.
However, we must get confirmation via a backtest of the local demand line in order to feel a lot more confident IF one was going to put in a position.
These are just my opinions and me just charting pretty things on a saturday night.... ;)
Later traders
/r
-B
🔥 Litecoin Halving In Two Weeks: Bad News For Holders! 🚨In this analysis I want to take a look at the upcoming LTC halving event and the impact it has on Litecoin's price.
I chose to plot the LTC/BTC chart since it give a perfect view of the relative performance of Litcoin against the top crypto Bitcoin. A rising value means that LTC gains against BTC, and a declining line means that LTC loses value against BTC.
We can deduce a couple of interesting things from this chart.
- The LTC/BTC value always sees some kind of pump in the last 6 months to the halving. Furthermore, the LTC/BTC value tops well before the halving actually takes place.
- After the LTC halving, the LTC/BTC value has (thus far) never continued to increase in value after the halving. Actually, the halving was always the start of a very long bear trend.
Seeing the above, we can assume that the LTC halving will NOT have a positive impact on Litecoin's value against BTC. Sure, LTC can see an increase in value, but BTC will most likely outperform LTC.
Use this info to your advantage. Share your thoughts in the comments 🙏
Brace Yourself: Ethereum's Bearish MomentumETH/BTC Technical Analysis: A Bearish Outlook for Ethereum in BTC Pair
In this technical analysis of the ETH/BTC trading pair, we will examine the current state of Ethereum in relation to Bitcoin. We will analyze the chart patterns, trendlines, and key levels to provide insights into the potential future movement of Ethereum. It is important to note that this analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research before making any investment decisions.
Chart Analysis:
Ethereum is currently trading at 0.065 BTC, and based on the chart, it is evident that the cryptocurrency has been gradually working in a downtrend. The symmetrical triangle trendline has recently experienced a breakdown and subsequent retest. This indicates a bearish signal for Ethereum in the BTC pair.
Price Targets:
The first target for Ethereum in the BTC pair is expected to be at 0.055 BTC. If the downward momentum continues, the second target lies at 0.048 BTC. At this level, we may anticipate a potential bounce-back as it coincides with the 0.618 Fibonacci retracement level.
Important Considerations:
It is crucial to keep in mind that if the price breaks below the 0.048 BTC level, it could further extend the downward movement, potentially reaching the 0.037 BTC level. This could provide a favorable entry point for investors, but thorough research is advised before making any investment decisions.
Conclusion:
Taking into account the technical analysis of the ETH/BTC trading pair, it appears that Ethereum is currently in a bearish phase. We anticipate a potential 30-50% decline from the current levels. However, market movements are subject to various factors and should be carefully monitored. The key support levels to watch for are 0.05578 BTC, 0.048 BTC, and 0.037 BTC, while the resistance level stands at 0.072 BTC.
Disclaimer:
Please note that this analysis is not intended as financial advice. It is crucial to conduct your own research and analysis before making any investment decisions. Cryptocurrency markets are highly volatile, and investments involve risks. Always seek professional advice when considering investments.
🔥 Litecoin Bull-Flag Break OutLTC has been on a massive move over the last couple of weeks, arguably in anticipation of the LTC halving.
After a week of sideways movement, LTC has finally broken out of the bull-flag pattern and is resuming upwards.
First target at the most recent local top, second target at 100.
🔥 Litecoin Halving Soon: Pump & Dump?The Litecoin halving is around the corner. In a couple of months we will see the rewards per block halved, substantially decreasing the supply of Litecoin. If you're familiar with BTC halvings, LTC works the same.
Historically, LTC has seen an increase in demand to front-run the halving event. The last time this happened, it was a buy the rumor - sell the news event.
I'm anticipating the same thing this time as well. My expectation is that LTC will see some kind of pump over the next couple of weeks towards the blue target area. This will most likely also be the 2023 top.
Do you think LTC will still pump? Share your thoughts🙏
Only the Truly Decentralized and Trustless Chains Will SurviveCrypto is in a situation right now where it's purging all of the toxic assets in the sector and when looking at the domiance and total charts it all points towards many of the alt coins eventually going to 0 and giving up all of their dominance to a handfull of truly Decentralized and Trustless Chains. Assets like XMR, LTC, and BTC feel like safe picks but Centralized Chains with constant scams such as Ethereum and BSC will all likely soon collapse.
What we can see on the charts is that LTC Dominance Remains at the PCZ of a Bullish Deep Gartley and is Targeting atleast 4% Market Dominance and BTC is at the PCZ of a Bullish Shark and may also be Double Bottoming which could take it towards 70% or even over 90% Dominance.
Meanwhile Ethereum is in a Pattern where it will likely lose more than 70% of it's Marketcap Dominance upon Breaking Down and this would likely take most of the quote-unquote so-called DeFi projects down with it.
*LTCUSDT*The king of the market* in 2023?I think it can stay above the channel for at least 1 full day at any time and if Bitcoin is rising at the same time, Litecoin will pump🤣
On the other hand, if the market is bearish, it can go down until the first blue line goes down, and after a few hours of rest, it can continue on its way until it reaches the end of the channel for the next break.
LTC/BTC Respecting the .236I am curious to see how this situation goes.
It seems like LTC needs to cool off on some of the lower time frames.
But here on the 4 hour, the stoch rsi is low and turned upward, and the price action is respecting the minimum .236 Fibonacci level.
The general trend is up, so my bias is another pump.
Only time will tell.
Out of range, LTC as risky business The long term trading range was broken already a while ago. Bottom of the rising wedge is now confirmed. For now staying on sidelines to observe further price action development. At the moment most of crypto assets look similar. It's a risky business until the channel is regained. For now I'm bearish.
LTCBTC '2D' - LTC Down / BTC Up?Take a look at this - after breaking massively upward through a descending line of resistance, hitting a further historical level of resistance and rebounding; we're now on the down-swing.
We've got a Short signal from Crypto Tipster v2 and not much in the way of support below the current price - it would've been nice to get in on this Short a bit sooner, but we think there's still a healthy amount of short profit to be made here.