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Litecoin (LTC) – Could $650 Be Within Reach?Litecoin (LTC), currently priced at around $90, is starting to look very promising to both retail and institutional investors. Many are looking at a 1.618 Fibonacci extension target of $650, which represents a potential upside of over 600% from its current price. This could make Litecoin a highly profitable asset for those considering an investment. Litecoin’s historical performance adds weight to this optimism. It achieved its all-time high of $413 during the 2021 bull run—a clear demonstration of its ability to surge when market conditions are favorable. With Litecoin now at $90, the price target of $650 is seen as both ambitious and attainable if the market continues to move in a bullish direction. Several factors point to the potential for Litecoin to reach $650: 1. Fibonacci Extension at 1.618: The 1.618 Fibonacci extension is a critical technical level that traders closely watch during uptrends. Litecoin’s current price action is aligning with this target, suggesting that $650 could be a key level if the market continues to show strength. 2. Institutional Interest and Adoption: As cryptocurrency adoption continues to grow, Litecoin’s appeal to institutional investors is also rising. Litecoin offers faster transactions and lower fees compared to Bitcoin, making it an attractive alternative for both retail users and institutions looking to diversify their portfolios. 3. Network Upgrades: Litecoin is also actively improving its network. The integration of MimbleWimble, a privacy-focused protocol, and the Lightning Network, which enables faster and cheaper transactions, is enhancing Litecoin’s functionality and scalability. These upgrades are expected to increase Litecoin’s usability and could drive further demand. 4. Strong Market Position: Litecoin is consistently ranked among the top 20 cryptocurrencies, with a solid market cap and strong trading volume. This stability provides a strong foundation for future price growth, especially if more investors look for reliable, established cryptocurrencies. While reaching $650 would represent a substantial rise from its current price, Litecoin’s fundamentals, technical indicators, and growing institutional interest all point to a bullish outlook for the coin in the near future. However, it’s important to remember that cryptocurrencies are highly volatile and subject to rapid price fluctuations. As with any investment, you should always do your own research, evaluate your risk tolerance, and consult with a financial advisor before making any decisions.
BITSTAMP:LTCUSDLong
by Kenayi
Strk/UsdtBINANCE:STRKUSDT ### IDX:STRK Weekly View: 🔮 **Potential for 70% Upward Correction**: It looks like there's a possibility for a **70% upward correction** in IDX:STRK , based on market analysis. 🚀 This could mean the price is positioned to make a significant bounce if it finds support at current levels. However, it’s important to understand why it's been **dropping** before making any conclusions. ### Why Is IDX:STRK Dropping? Here are a few potential reasons why IDX:STRK (Strike Protocol) has been under pressure: 1. **Market Sentiment**: The cryptocurrency market is known for its volatility, and IDX:STRK might be affected by broader market trends like **bearish sentiment**, uncertainty, or a **downtrend in the overall market**. Cryptos are prone to large fluctuations, and many tokens can drop due to general market corrections. 📉🪙 2. **Ecosystem/Project Challenges**: The performance of any crypto project relies heavily on its ecosystem. If **Strike Protocol** has had difficulty growing or facing challenges like a lack of adoption, technical issues, or poor user engagement, it could lead to **price declines**. This can happen when investors lose confidence in the project’s future prospects. 🚧🛠 3. **Competition**: If other projects are offering better solutions or more compelling incentives, IDX:STRK might be losing out to competitors in its niche. A strong **competitive market** can result in reduced interest and lower prices for the token. 🏁🏆 4. **Liquidity Issues**: A lack of **liquidity** or trading volume can cause volatility, where prices drop due to fewer buyers and sellers in the market. Low liquidity can make the price more susceptible to rapid declines and also hinder upward movement. 💧⚖️ 5. **Regulatory or Legal Concerns**: Any **regulatory action** or legal challenges facing Strike Protocol could impact investor confidence, leading to a drop in price. Regulations around DeFi or crypto in general are still evolving and could affect the token's performance. 📜⚖️ ### Conclusion: While IDX:STRK may be set for an upward correction of 70% 🚀, its recent drop could be attributed to a combination of **market conditions**, potential **ecosystem issues**, or external **factors like competition or regulation**. Always remember to assess the full picture, including the project’s fundamentals, market sentiment, and long-term prospects before making investment decisions! 📊🔍 Disclaimer : Not Financial Advice
Long
by Wolftrader1337
Bitcoin: $300k by 2025Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line. My first price target is $100k which I expect to be met between mid 2020 and mid 2021. I then anticipate another 12-16 month bear market before finally resuming the bull market and heading towards $300k between 2025 and 2026; I have chosen $300k as that would put Bitcoin on a slightly smaller market cap than gold assuming that 20 million coins had been mined ($6 trillion). Finally, I have indicated accumulation zones in green, currently between $5.7k and $7k, I expect to move out of this range within the coming few months. Then similarly in the 2022/2023 bear market I expect Bitcoin to fall 60-70% and accumulate between $30k and $40k range.
BITFINEX:BTCUSDLong
by tobymortimer
2
What is holding Cardano (ADA) from $1?Cardano (ADA) price has surged 41.89% in the last seven days, signaling strong bullish momentum in the market. The uptrend remains strong, supported by key technical indicators like the ADX, which point to sustained positive sentiment. Specifically, Cardano DMI chart shows an ADX of 46, indicating a strong trend. The metric has remained above 40 since November 7. This high ADX value confirms the robustness of ADA ongoing uptrend, signaling solid momentum behind the recent price movements. With the positive directional index (D+) at 28.6 and the negative directional index (D-) at 7, bullish pressure continues to outweigh bearish activity, further supporting the upward trajectory. If Cardano (ADA) maintains its strong uptrend, it could test the resistance at $0.85. Breaking this level could pave the way for further gains, with the potential to reach the $1 threshold, marking a 20% rise from current levels and the highest price for Cardano since April 2022. However, if bearish momentum takes over, ADA price could face significant downward pressure, potentially dropping to $0.51. If this support fails, the price could decline further to $0.32, representing a steep 59% correction. This highlights the importance of the current support and resistance levels in determining ADA’s next direction.
Long
by paul_endeo
ONDO Breaks Out! Are We Heading Toward a Major Rally?Yello, Paradisers! Is #ONDO primed for a major rally? After struggling to overcome its breakout resistance, #ONDOUSDT has now broken out of its accumulation band, signaling a resurgence in bullish momentum. This previous resistance is now shaping up to be a solid support, adding to the bullish outlook. 💎With price consolidating above the breakout level of $0.87, bulls have a chance to aim higher. In the near term, ONDO may make a move toward the $1.00 mark, with further targets at the $1.10 to $1.20 range. These levels could trigger some profit-taking given their historical significance, so keep an eye on price action here. 💎However, if bullish momentum persists, we could see ONDO climb toward the strong resistance range at $1.40 to $1.50 levels. Strong rounds of profit-taking are expected around this resistance range. 💎Currently, ONDO is attempting to secure the $0.87 to $0.83 zone back as strong support. If bulls can maintain control here, it would confirm this support transformation, reinforcing the bullish structure. Stay sharp, Paradisers! With key levels in play, patience and disciplined strategies will be critical to capture the upside while managing risk. MyCryptoParadise iFeel the success🌴
COINBASE:ONDOUSDLong
by MyCryptoParadise_Jack
3
Pound-yen’s uptrend still seems to be activeCompared to cable, the pound’s performance against the yen in the third quarter so far has been much better. The Bank of Japan’s governor Kazuo Ueda reiterated recently that any upcoming further rate hikes would be gradual and according to economic conditions. ¥205, corresponding to about ¥160 for dollar-yen, might be the area of further governmental intervention, but that’s not likely to be in view for GBPJPY for a while yet. ¥195 was an important resistance and technical reference in late September and for much of last month and seems likely to continue as a key area. This coincides with the value area between the 50 SMA from Bands and the 100 SMA. Now that volume has dropped off somewhat compared to earlier in November and ATR isn’t rising strongly, it’d be possible to see a pause for a few days as participants digest upcoming data. It’s not clear yet how strong the 50 SMA is as a potential dynamic support. The current situation favours the carry trade quite strongly since the differential is 4.5%, which seems quite unlikely to change drastically within the next several months at least. The next significant move up if it occurs probably depends on the return of higher volume, which could be in the middle of December around the British job report and the BoE’s meeting.
by Exness_Official
BITCOIN is going to hit 100K USD! I trusted the process! @bt💥 BITCOIN HITS $100,000! 💎🚀 BOOM! The moment we've all been waiting for is HERE – Bitcoin has officially crossed the $100,000 mark! 🎉🔥 What was once a dream has now become reality. 🌟 From "internet money" to the ultimate symbol of financial freedom, BTC proves once again why it's the undisputed king of crypto. 👑💰 This is more than just a number – it's the dawn of a new era in finance! 🌍💡 Whether you were a skeptic, a believer, or a die-hard HODLer, today we are all witnesses to history in the making. 📈 $100K is just the beginning. The future is bright, and Bitcoin continues to show the world that innovation knows no limits. 💥 How does it feel to be part of this revolution? 🚀💬 Share your excitement and celebrate this epic milestone with us! 🎊 #BitcoinToTheMoon #BTC100K #CryptoRevolution @BTC100KWHEN
BITSTAMP:BTCUSDLong
by BTC100KWHEN
#ETH reaches its target📊#ETH reaches its target✔️ The expected goal was achieved, and the holdings were reduced by 40%-50%. If we refer to the trend of BTC horizontally, will we make up for the rise? Will we challenge the historical high? Let us use the remaining holdings to look forward to these possibilities. 🙏 The total spot holdings have achieved a return of 30%+, congratulations to everyone💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P
Long
by wolf_king888
Euro-vision: Why I'm Betting the Farm on EUR/USD Hitting 1.097!Economic Recovery Buzz: The Eurozone is showing signs of recovery post-pandemic, with GDP growth rates improving and consumer confidence rising. This positive sentiment can drive the Euro higher against the Dollar. Federal Reserve Policy Shift: If the Federal Reserve hints at a more dovish stance or delays interest rate hikes, the USD could weaken, making it a good time to go long on the Euro. Strong Manufacturing Data: Recent reports indicate robust manufacturing and service sector performance in the Eurozone. Strong economic indicators often support a currency's value. Geopolitical Stability: With reduced geopolitical tensions in Europe, the Euro is likely to strengthen. Stability attracts investors, driving demand for the Euro. Technical Support Levels: Chart patterns suggest that the EUR/USD has found solid support around current levels, indicating a potential bounce back to 1.097. Diverse Economic Drivers: The Eurozone benefits from diverse economies, which can help buffer against localized downturns. This resilience can bolster the Euro's position against the Dollar. Market Sentiment: If traders are increasingly bullish on the Euro, this sentiment can create momentum, pushing prices up towards the target of 1.097.
Long
by FtradeFXArabic
Elliott Wave View: GBPUSD is Approaching Support ZoneShort Term Elliott Wave View in GBPUSD suggests decline from 9.26.2024 high is in progress as a zigzag structure. Down from 9.26.2024 high, wave A ended at 1.284. Wave B bounce ended at 1.3047 as the 1 hour chart below shows. Wave C lower is now in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Down from wave B, wave ((i)) ended at 1.283 and wave ((ii)) ended at 1.3. Pair then resumed lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.294 and rally in wave (ii) ended at 1.3. Pair resumed lower in wave (iii) towards 1.2627 and wave (iv) rally ended at 1.272. Wave (v) lower ended at 1.2594 which completed wave ((iii)) in higher degree. Rally in wave ((iv)) unfolded as a zigzag structure. Up from wave ((iii)), wave (a) ended at 1.2689 and pullback in wave (b) ended at 1.261. Wave (c) higher ended at 1.2715 which completed wave ((iv)) in higher degree. Wave ((v)) of C lower is now in progress with potential target 100% – 161.8% of wave A. This area comes at 1.208 – 1.245 where buyers can appear for 3 waves rally at least.
by Elliottwave-Forecast
Look on Bitcoin's price position comparing to 2019 and 2020Dear analysts and traders, sharing for your attention my observations on BINANCE:BTCUSDT current price position through global channel by comparing the price to 2019 and 2020, when the price buyer's activity both stopped in the middle range of the global channel. #1 is 2019, #2 is 2020. So, 2024 comparing to one of above possibilities, where are we now, are we at #1 or #2 possibility? If we are at #1, we shall see about 20-30% price down and further, if #2 then 10-20% price down. Taking into consideration current: 1) world political situation, and reflecting on 2019 with 2020 situations, in 2024 the world economy is more different from previous years, 2) RSI both on weekly and monthly timeframes, it looks close to 2020 price movement. And in the end we say, The Almighty God knows best.
by Adilforgood
The 100K CLUB -Making Data-Driven Investment Decisions Hi guys! 👋 Over the coming months, I’ll be diving deep into some fantastic data points that can supercharge your investment decisions. Whether you’re a seasoned trader or just starting out, understanding the right metrics can give you an edge in navigating the ever-changing crypto market. I’m all about building long-term wealth, which means I focus on the bigger picture. That’s why you’ll find me glued to daily and higher timeframe charts—the playground of smart money. It’s where trends are clearer, noise is minimized, and the data becomes your ultimate ally. Today, we’re kicking things off with one of the most powerful tools in the crypto trader’s arsenal: BTC_SPLYADRBAL100K. This mouthful of a metric is more than just numbers—it’s a direct window into the behavior of Bitcoin’s biggest whales. Imagine having insights into how institutional investors and mega-holders are buying and selling at pivotal moments. How the Data Impacts Market Sentiment Concentration of Power: These four wallets alone control a combined ~680,000 BTC, representing over 3% of the total Bitcoin supply. When such a concentrated group makes significant moves—whether accumulating or distributing—it can send strong signals to the market. Cold Wallet Functionality: Binance-coldwallet, Bitfinex-coldwallet, and Robinhood-coldwallet are custodial wallets used by these exchanges for secure storage. These wallets often represent customer funds, but fluctuations in their balances reflect aggregate customer behavior or exchange actions. Interpreting Fluctuations in BTC Holdings 1. Binance-Coldwallet (248,598 BTC) Binance holds the largest amount of Bitcoin in a single wallet. Recent Behavior: No notable large changes recently, indicating stability. Binance's cold wallet balance remains a "reserve indicator" for the exchange's liquidity and overall customer deposits. Market Impact: If Binance reduces this balance (large BTC withdrawals), it could indicate: Customer withdrawals (fear or distrust in the platform). Movement for operational purposes (e.g., rebalancing). A large increase signals inflows, suggesting trust and possibly new participants entering the market. 2. Bitfinex-Coldwallet (156,010 BTC) Recent Activity: In the last 7 days, 12,000 BTC (-7.69%) was moved out. In the last 30 days, 24,000 BTC (-15.38%) was withdrawn. Market Impact: These are significant outflows, potentially signaling: Customer withdrawals: Reduced trust in Bitfinex (e.g., in response to market rumors or news). Operational transfers: Movement to hot wallets for trading or operational liquidity needs. Such large outflows could lead to short-term bearish sentiment, as traders may interpret this as increased selling pressure or reduced whale confidence. 3. Robinhood-Coldwallet (136,775 BTC) Recent Activity: Over the last 30 days, this wallet gained 500 BTC (+0.37%). Market Impact: A small but consistent increase suggests gradual accumulation. Robinhood’s users might be showing increased interest in holding Bitcoin long-term. While 500 BTC is relatively small compared to its holdings, a steady inflow pattern could signal positive sentiment among retail investors. 4. Binance-Coldwallet (136,775 BTC) Recent Activity: 7 days: -39,914 BTC (-22.6%) 30 days: -31,575 BTC (-17.3%) Market Impact: Such significant outflows from Binance’s secondary cold wallet are noteworthy. Possible explanations include: Large institutional or whale withdrawals for self-custody. Movement to hot wallets for upcoming liquidity events (e.g., large sell-offs or market-making). These outflows may create short-term market volatility as participants speculate about the intentions behind these movements. How These Fluctuations Affect the Market 1. Increased Outflows = Bearish Pressure Large outflows from cold wallets often precede a sell-off or redistribution event, especially if moved to hot wallets. Outflows also signal potential reduced confidence in the holding entity (e.g., fear of regulation or exchange instability). 2. Increased Inflows = Bullish or Neutral When large inflows are observed, especially into custodial wallets, it can signal increased trust in the platform or new funds entering the market. It may also indicate whale accumulation, a bullish signal for traders. 3. Speculative Reactions to Transparency Wallet activity is transparent on the blockchain, meaning large movements are easily spotted. Whales and institutional traders often react to these movements, creating self-fulfilling market trends. Strategic Takeaways for Traders Track Wallet Behavior Closely: Large BTC movements in these wallets can be early indicators of broader market trends. For example: If Bitfinex continues to experience large outflows, traders might prepare for increased volatility or bearish sentiment. Gradual inflows to Robinhood suggest retail accumulation, aligning with a potential bullish outlook. Correlate with On-Chain Metrics: Combine this data with metrics like BTC_INFLOWTXCOUNT (Bitcoin transactions into exchanges) or BTC_OUTFLOWTXCOUNT to confirm whether movements are market-driven or operational. Anticipate Volatility from Binance: Binance holds a lion’s share of Bitcoin. Any significant outflows from its wallets could ripple through the market, affecting price and sentiment. Conclusion: Power in Data By leveraging metrics like BTC_SPLYADRBAL100K, traders can gain a deeper understanding of how large entities influence the market. The behavior of these wallets—whether accumulating or distributing—offers powerful clues about future price movements. Stay vigilant, interpret wisely, and incorporate these insights into your investment strategy to ride the waves like the whales themselves. 🚀 Follow me for more free analysis of Coinmetrics and IntoTheBlock Data sets
by Data_Driven_Trading