LTCBTC
🚀 Last Shall Be FirstYou may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison.
While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for roughly seven years. All of a sudden, in 2020, the price jumped over 150% from bottom to high.
In the crypto world, you can see a similar pattern looking at Litecoin priced in BTC terms. The coin has never recovered from the 2018 bear market and remained firmly stuck into a steep downtrend. Finally, the market seems to have lighted up the spotlight on Litecoin, revamping the price action.
As a note, while hundreds of cryptocurrencies are out there that could fall under the category of shitcoin , Litecoin is one of the oldest native blockchains, which has run efficiently and with no hack or problem since its inception. On top of that, the coin is widely available on almost every crypto platform or exchange, so it has one of the broadest user-base exposure among all cryptocurrencies.
Is this a call to rush into buying Litecoin? Not necessarily. The main takes here are two. First, buying something that looks historically "cheap" may provide the best opportunities from a long-term perspective. Especially if what you are buying has proven over time to be solid and trustworthy. Second, you can also see Litecoin as a proxy of the risk appetite of the market.
When every coin already skyrocketed in price, in some cases, without being backed by much more than a viral meme, it makes sense to allocate more capital to coins with higher upside potentials. On the other hand, dinosaurs-coins usually get traction in the latest stages of a bull market, which can strengthen the case for planning an exit strategy or taking some profit gradually.
LTC - really dead coin or very overlooked potential?Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond.
Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc.
But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies here.
When it comes to chart you can notice huge bullish divergence on RSI. Price is at historic low accumulation level.
The price is close to breaking out of a falling wedge.
When ( and not if ;) ) you notice volume rise, Stoch RSI to break resistance (similar to the last bull run) better fill your bags.
I expect some resistance around 200 weekly MA and Anchored VWAP (blue line), but after they are broke path to the 340% and 480% gain is clear.
If LTC by some miracle breaks to the new ATH (compare to BTC of course, $ ATH are certain) my target is 1.618 Fib. extension which is aprox. 860% from current level.
Watch closely this trading pair and good luck!
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After LTC rally where do we come down to?LTC tested overhead, multi-year, linear resistance against bitcoin and the huge falling wedge pattern that has formed. Looks like this may be the mid-November correction like we had in 2017 (but it might not, never know for sure).
I don't think we'll see a 100% retracement like the last LTC pump and that's due to the bullish news of the token, but I do believe more profit taking is in order.
My look to re-accumulate is on 200 1H MA and 61.8% fib retracement where 1H RSI is near 30, somewhere around 0.00365 BTC. Totally guessing on this zone, could this be the last great buy opportunity for LTC before it breaks this 4 year old falling wedge and moons?.....
Here's why $LTC is about to #PUMP!This technical analysis was conducted to help you understand how Litecoin is headed for extreme highs.
After an indecisive period of consolidation that followed a 2018/2019 bear market, LTC soared for months right up to a few dollars shy of it's previous all-time-high (ATH) back in 2017. We can see LTC pumped 800%, meanwhile BTC 362%. The only reason why the ATH wasn't broken, was based on Elon's influential tweets we're all aware of, that essentially crashed the entire crypto market by 50% price wise. Lets talk numerical impact;
- As you can see on my chart LTC dropped 75%, the highest dump of all top 10 recognized cryptocurrencies worldwide. Dissimilarly, yet in the same timeframe, BTC dropped 51%.
- After that independently influenced micro bull market, to this day LTC has pumped 157% as opposed to BTC at 126%.
From these percentages, it is obvious that when LTC is bullish it pumps to extreme heights. However when it's bearish it takes a big hit. BTC has more stable shifts in momentum, but it's worth noting that LTC was so close to an ATH well before BTC got even remotely close. Now that BTC has reached a fresh ATH ($69,000), there's absolutely no reason why LTC can't do the same ($420+).
The reason why I'm confident that LTC will grow beyond the ATH region though, is based on the fact that the resistance line has been tested TWICE now, which weakens this trend line and strengthens the support line simultaneously. Keep in mind the supply limit of LTC is 4 times that of BTC, and the price difference of LTC is NOWHERE NEAR a quarter of BTC (yet). It's still regarded as cheap, even though it's the second most accessible cryptocurrency via physical ATMs.
Detailed LiteCoin analysis with Glassnode and BTCHello.
I believe in a rise of LiteCoin, and here I present the reasons.
Contextualization
Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs.
Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network.
However, it is noteworthy that the Lightning Network is not yet widely adopted.
Some exchanges and wallets are supportive, others are not.
Furthermore, although there are other cryptocurrencies with the same purpose, and which technologically might even be better (for transfer),
the fact is that there is still no definitive solution for this.
For example, some exchanges support Stellar Lumens (XLM) and some do not.
As LiteCoin is widely adopted by most exchanges, if the individual simply wants to make a transfer without paying a high fee, Litecoin ends up breaking that branch.
And in Glassnode's on-chain data, I see bullish data.
So I don't see a problem with holding Litecoin.
LTC/USD
On the weekly chart we can see an upward expanding wedge.
If the bullish cycle continues and the price breaks the last resistance of $400, the price will explode upwards with a possible high of ~500%.
LTC/BTC
On the graph against Bitcoin, we have a descending triangle.
If the price breaks up, the next resistance is at 50% of the Fibonacci retracement, with an approximate 50% gain potential in BTC.
Glassnode Analysis
1. Total USD Volume
The total amount of coins transferred on-chain. Only successful transfers are counted.
-> It reached the historical maximum in September/2021. He is about to retest that.
2. Number of New Addresses
The number of unique addresses that appeared for the first time in a transaction of the native coin in the network.
-> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs.
3. Number of Active Addresses
The number of unique addresses that were active in the network either as a sender or receiver.
Only addresses that were active in successful transactions are counted.
-> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs.
4. Price Drawdown from ATH
The percent drawdown of the asset's price from the previous all-time high.
-> When the value reaches the top, the whales are making considerable profit since the last support.
At that time comes the dump of achievements, and it's best to get out.
We haven't reached the top yet, so there's room for more climb.
Summary
Fundamentally speaking, Litecoin may not be the best payment method currency.
Bitcoin will sooner or later have solved the transaction cost issue.
However, while this does not happen, it still serves as a means of escaping high rates, because like it or not, it is widely adopted in several wallets and exchanges.
In addition, some ETFs and institutional players have a portion allocated in Litecoin. and sometimes altcoins go up more than Bitcoin.
Good winds!
Litecoin Ultra Bullish Cup&Handle and Bull Flag $2455 TPs#LITECOIN Ultra Bullish Chart Analysis:-
$LTC currently trading near to $265.
As per technical and fundamental analysis perfect illusration of Cup & Handle pattern In Monthly Chart.
And
In Monthly chart Bull flag pattern forming.
If Monthly Candle close near to or above $300 that would be Super bullish breakout chart.
Best Entry:- between $210-$260
Cup & Handle Pattern Target:- $2455
Bull Flag Pattern Target:- $3185
Targets:-
55x from Bull Flag Breakout
8x from Cup & Handle Breakout
Stop Loss:- Chart Invalid below Doted Line.
Support:- $200/$150
Resistance:- $280
#Suggestion by CryptoPatel:-
Must hold at least 1 Litecoin In Portfolio for 52 weeks atleast for best results.
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$LTCUSD BULLISH GARTLEY PATTERNLitecoin Price & Market Data
Litecoin price today is $263.98 with a 24-hour trading volume of $6,847,989,114. LTC price is up 15.5% in the last 24 hours. It has a circulating supply of 69 Million LTC coins and a total supply of 84 Million. If you are looking to buy or sell Litecoin, OKEx is currently the most active exchange.
What is Litecoin?
Litecoin (LTC) is a cryptocurrency that is largely similar to Bitcoin. Fundamentally, Litecoin is also a decentralized cryptocurrency which utilizes similar protocols as Bitcoin except for a few parameter tweaks. Much like Bitcoin, Litecoin also relies on proof-of-work for consensus and operates on a permissionless peer-to-peer network where users are able to transfer funds to one another without the need to rely on any central authority.
Who created Litecoin?
Litecoin was created by Charlie Lee in October 2011 as a spinoff of Bitcoin, and is considered as one of the early alternative cryptocurrencies (altcoins). Litecoin aims to be the “Silver to Bitcoin’s Gold” by taking on the best innovations of Bitcoin with a more lightweight approach to achieving Bitcoin’s noble goals.
The first block of the Litecoin network, or the Genesis Block, was mined on the 7th of October 2011.
What is Litecoins’ value?
Litecoin (LTC) is one of the top-10 cryptocurrencies, and is traded in over 300+ exchanges integrated with CoinGecko. The most common trading pairs are against Bitcoin (LTC/BTC) and Tether (LTC/USDT).
Much like Bitcoin, Litecoin also does not have a set exchange rate in the beginning, so its price is fully determined by the markets’ perceived value by supply & demand.
It is also worth noting that the block rewards of Litecoin follow the same halving schedule as Bitcoin, going from 50 LTC to 25 LTC, to 12.5 LTC and so on every 4 years. The next Litecoin halving is expected to happen sometime in 2023, where the block reward decreases from 12.5 LTC to 6.25 LTC per block.
How is Litecoin different from Bitcoin?
While Litecoin was created by cloning Bitcoin’s codebase, there are several key differences:
Block time. The Litecoin Network targets a block time of 2.5 minutes, while the Bitcoin network targets a block time of 10 minutes. This means that transactions can confirm faster compared to Bitcoin, and the network has a higher throughput.
Maximum supply. The Litecoin protocol states that there can be a maximum of 84 million Litecoin, while Bitcoin has a maximum supply of 21 million Bitcoin.
Proof-of-Work Algorithm. Litecoin uses a different proof-of-work algorithm called Scrypt, while Bitcoin uses the SHA-256 algorithm. Scrypt is a memory-hard algorithm which was initially created to be ASIC-resistant.
Address. Litecoin addresses start with either “L” for legacy, non-Segwit addresses or “M” for Segwit-enabled addresses. Bitcoin addresses start with either “1”, “3” or “bc1”.
Litecoin Development
Since its inception, Litecoin has closely followed Bitcoin closely. Litecoin’s core protocol updates are mostly based on Bitcoin’s core protocol updates.
At the height of the scaling debate in 2017, Litecoin was the first among the top 5 proof-of-work cryptocurrencies to adopt Segwit in May 2017, with Bitcoin following a few months later in August 2017.
In 2019, Litecoin creator Charlie Lee announced that Litecoin will be planning for private transactions using the Mimblewimble protocol (popularized by Grin and Beam). Development is currently underway and it was announced that testnet is expected to be available some time in September 2020.
BTCUSD/LTCUSD - probable the most reliable ratio in cryptoWhen it come to prediction of LTC price this is probable the best way to determinate market direction.
Price action repeating the same pattern from last bull market. Will it blow of top like last time and then crash or continue ongoing crash we will see.
Considering BTC breakout it is possible another reversal and higher ratio levels (apox. 400 in that case in my opinion).
The rules are simple here:
- in bear market buy range low (40-60), sell range high (140-160)
- in bull market like current patience is key. Follow the pattern, set alerts on breakout levels and switch BTC to LTC and vice versa depending on ratio.
Last bull market peak is marked as a remainder when the price hit the top (for comparison with current bull market and possible history repetition).
Take advantage of coin ratios (others ratios too), it can bee very powerful tool when you are not sure is it good idea to switch from one to another.
For example check: ADABTC/ETHBTC - chart is great for set up the ranges and switch when it hit range low/high.
Good luck!
LTC/USD - Little brother of BTC makes an entrance! $400 soon!Litecoin has been consolidating since May, and the price started to increase slowly from July. However, in the past two days, LTC had a major breakthrough and started to increase. It surged by around 20% in 24 hours. It also set a 6-month high.
Litecoin also broke above the $236 resistance and turned it into support. The next major resistance can be measured at around $370, which would definitely take sustained momentum from the bulls to get there.
The bias is bullish. This is supported by the price action, volatility, and indicators. Remember, volatility can go in both ways during a bullish market, so be on guard.
It’s very interesting to see if the bulls will be able to sustain the momentum all the way up to $370 and, potentially, how the price will behave if it gets there. Until then, it seems reasonable to expect to see the price above the support at $236, which should hold – in case of a correction.
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LTC when show it shining soonthe ones that still not break the BTC.
let's go!
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.
Rank #10
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Litecoin Price (LTC)
$254.93
1.44%
0.004652 BTC1.17%
0.09458 ETH3.95%
LITECOIN ( LTCUSDT ) Ready to $2000 ( 800% ) from here ...?
#LTC/USDT Exclusive Update:-
$LTC currently trading at $218
And Our entry also filled at $129
Already did 90% from Last Spot Entry.
Now..?
Re Entry:- $200-$220
Now currently broke out $186 resistance and Trading above Resistance.
So I am expecting Targets are:-
TP1:- $372
TP2:- $917
TP3:- $2000
Stop Loss:- Will update
Support:- $186/$140
Resistance:- $372
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Litecoin RallyLTC is at a very important pivot point , closing a daily above this level (orange line) could trigger a massive move to about 260. At around 260 we come up to the 8/1 Gann which is going to bring some sort of volatility.
Check out my last TA on LTC where I go over the LTC/BTC dominance.
Litecoin LTCUSD - 5000% gains + Road to 10 000 USD + Triangle- Litecoin - LTC - Rank #17 - Coin
- If we take a look at the chart, we can definitely spot an ascending triangle.
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)
- RSI is prepared for a next pump!
- 1:1 FIB extension = 1750 USD Profit target.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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LTC bullish but can it outperform BTCThe weekly price action of the LTCUSD pair is clearly on the rise above the low boundary (blue) of the pitchfork. There is plenty of upside potential, all the way to the all time dynamic resistance ceiling formed by the higher highs trendline. But that is only potential. Let us see how LTC is doing against BTC.
The weekly LTCBTC pair on the same time horizon looks completely different. One can only conclude that BTC has outperforming LTC for long now, ever since early 2018. In fact the price just recently made ATL in terms of BTC, and started rising from there. The chart is clearly bullish most likely for the coming weeks/months. The upper boundary (blue) of the downward pitchfork channel is creating a strong resistance for the price action, when ever it reaches it. The boundary is around 0.007 at the first months of 2022. For me that would be a target to observe the price action carefully and if necessary to take profit from LTC. The price of LTC could well be above 1000 USD by then.
Take care and trade with caution.
Cheers, Whoop
Trade of the Decade | MAX GAINSAfter months and years . Here comes the best opportunity for the LTCBTC trade.
Technical:
1. We got Monthly Swing Pattern Failure.
2. We making Diamond on the daily
3. We got Uncertain weekly candle.
Fundamental:
1. $ LTC MWEB code is under review and it should boost LTC speculation.
2. LTC being one of the oldest coin with history that is accepted at trustable platforms. This still due a cycle.
I already entered at 0.003000 and I am planning to hold it till I see strong reversal signs.
#DYOR
~CHEERS
LTC broke out from falling wedge#LTCBTC
#LTC broke out from falling wedge pattern, and confirmed the broken resistance as support. it is possible that price fall more to 2145sats where 2 descending supports meet.
a break out from descending resistance will head up price to resistance around 8680sats. target will be around 16000sats.