LTCBTC - strong bullish divergence on MonthlyLitecoin Analysis: Fundamentals Stronger Than Ever
Litecoin is showing a lot of promise with multiple strong indicators aligning for potential explosive growth:
Fundamentals Strengthening: Grayscale has been consistently accumulating Litecoin throughout the year, with recent months seeing the largest purchases.
ETF Approval Pending: A potential game-changer, as this would bring more institutional interest and liquidity to Litecoin.
Hashrate Surge: Litecoin's hashrate is climbing drastically, indicating growing network security and miner activity.
Miner Reserves at All-Time Lows: Reduced supply on exchanges could lead to upward price pressure.
LTC/BTC Pair at Historical Lows: Litecoin appears undervalued compared to Bitcoin, presenting an excellent risk-to-reward opportunity.
Price Targets
First Target: 4x (Yes, this is the starting point for a long-term play.)
Second Target: 8x (Aligned with the second green resistance line.)
Third Target: 12x
Final Goal: 20x – Timing is uncertain but highly likely in the future.
Litecoin continues to hold its narrative as the "Silver to Bitcoin's Gold," and the ETF storyline will only strengthen this positioning. IMO, it's one of the safest buys right now with massive upside potential.
And I will repeat, bullish divergence on monthly.
