Mimblewimble, Litecoin's newest network Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022
We look at the logarithmic chart
LTCBTC is trading near the lower support line of the descending channel, against the backdrop of good news, I expect a rebound to the middle line of the channel, and possibly even to the channel resistance line.
Current LTC price 70$
Best regards EXCAVO
LTCBTC trade ideas
LTC/BTC - 1D Support + Trend LineSince mid June 2022 LTC has been steadingly increasing in sats value and from the start of November it has been increasing at a much greater pace. Big caps have started to move and are generally a precursor for more volaitlity incoming into other mid to small caps. BTC can still fall so this could take the momentum out of its rise however it would descend slower and will take a while longer to reach its lows like it did in June
LTCBTC reached its target
in the past 2 cycles Litecoin pumped at the end of the bear market and then pumped to the highest monthly close of the Litecoin-Bitcoin pair of the previous bull.
tldr:
- LTCBTC reached historic peak levels
- RSI reached historic peak levels for LTCBTC
if history rhymes LTC / BTC reached its target and should decline from now on
Litecoin vs Bitcoin Chart AnalysisI just remembered that my friend @mprspartan1 asked me about Litecoin vs Bitcoin (LTCBTC)... Is this a real move?
Yes, it is very real based on the chart technicals.
The low was set June 2022 followed by a strong breakout and consolidation before additional growth.
Think of Dogecoin, both vs Tether and vs Bitcoin...
This is exactly what Litecoin is going through and exactly what we will see happening with other major Altcoins one by one.
It is interesting to note that Litecoin (LTCBTC) hit its highest level since September 2021.
This is a great/positive signal for the other BTC pairs.
What one does, the rest tends to follow and we already saw how Dogecoin behaved.
And by the way, this also signals that the Bitcoin bottom is getting really, really close...
Now, in my opinion, this is not good to trade.
We have to look for the pairs BEFORE the breakout, buy and hold and then let the market take care of the rest.
Thanks a lot for your continued support; all of you.
Thanks a lot for reading.
I love you.
Forever & ever.
And I am always wishing the best.
Namaste.
๐ฅ LTC/BTC Has Broken Out Of A 4 Year Bear Trend!LTC has been an underperforming token when compared to BTC for a very long time. The performance was even worse when compared to ETH or other altcoins.
But that may change!
LTC/BTC has broken out of a bearish channel in which it has been trading for 4 years, which can potentially be the start of something great.
Going to keep my targets (blue) close, since the market is not doing great at the moment. Nevertheless, exciting to see this old token see a big influx of buyers over the last couple of weeks.
the digital silver narrative is approaching. patience.crypto is hand in hand with innovation. last years, have been incredible - tremendous growth, new protocols, defi, metaverse, all of it. beautiful. but we have come to notice, that - as beautiful these new innovations are - and as promising they happen to be - they are NOT waterproof just yet. UST collapse (LUNA) showing that algorithmic stable coins aren't ready yet. the majority of protocols must stand through the test of time. the failures, are - if you would like - coordinated attacks on the industry. without going too much into specifics, it is time to dig into my choice of 2022/2023; LTC
the digital silver narrative is one of the - if not the - oldest narrative in crypto. the time is neigh. buy, be patient, sell.
i have been around in crypto for a VERY long time - and the time to push LTC is now. a coin that has stood through the test of time. a coin that is considered (just like BTC) a commodity. the entire market is overlevered, but this is not the case for most of the OG coins.
it reminds me of... 2013.
LTC has been in accumulation stage for many years - once the algo's switch into this - and those - in desperation - jump on this train, it will be swift. mark my words. a style similar to DOGE.
enjoy the show.
GABBA
LTCBTC Intraday TechnicalsAs projected in the Litecoin technical analysis publish this week by CRYPTOLEAN, after confirming 0.00345 BTC as a support, LTCBTC moved to 0.00378 BTC rejecting it.
Above 0.00378 BTC, Litecoin will become more bullish and will move towards 0.00398-0.00413 BTC area.
For that we need a strong closure above 0.00378 BTC and a bearish or neutral BTC.D.
I will be interested in the price action in the 0.00398-0.00413 BTC region.
LTCBTC DailyY Chart TechnicalsLTCBTCspiked up yesterday and closed with a solid bullish candle.
LTCBTC tested 0.00379 BTC resistance and closed below it.
We need a support from BTC.D for LTCBTC to continue the bullish move.
Bitcoin Dominance shall remain neutral or bearish for this move.
Above 0.003790 BTC, we will see 0.00405 BTC, which is a minor CRYPTOLEAN resistance.
The next main resistance in the daily chart for LTCBTC is 0.00443 BTC.
LTCBTC is trading as doji candle so far.
LTCBTC Cup and Handle aiming at 0.00600Litecoin (LTCUSD) has been greatly overperforming against Bitcoin (BTCUSD) since June 13 and last week even broke above the Lower Highs trend-line that has been holding since the April 2019 Highs.
This rally is coming after the completion of a technical Cup and Handle (C&H) pattern, after breaking above the 1D MA50 (blue trend-line) and having the 1D MA200 (orange trend-line) as Support since late August.
Technically, the pattern targets the 2.0 Fibonacci extension, which is just above 0.00600.
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Litecoin to Bitcoin is Peaking Back Above Very Historic SupportLTC/BTC have traded against eachother within this huge range since the beginning and this range has always been well respected and now we are on the lower end of the range and have broken out of a Falling Wedge and are now Piercing back within the support zone we very much needed to stay above and now could be looking for a retrace back to the upper end of the range up at 0.025 BTC. if we then break above that level LTC will have likely have Blue Skies from there and could go well above 0.05BTC.
LTC/BTC Ready for Another -70% Fall ..?#LTC/BTC Technical Analysis:-
#Litecoin Is currently trading around 0.0036 BTC level.
As Per chart Big Resistance Level is 0.0044 BTC
If Break 0.0044 BTC level then I am expecting Big Move upward side but IMO not break and It will test again New Lowโs.
So Be ready for Both Scenario and Never open any trade Blindly.
I am Fully Prepared for Next Bull Market and Working hard for you also.
I want Next Bull run you all wealth 10x-50x
Now Coming to The chartโฆ
If Rejected from 0.0044 BT.LC Level resistance then I am expecting it will test 0.0025 BTC ( Which is approx -38% from Rejection level.
And Also Expecting more down fall if break 0.0025 Level then It will test 0.0012 Level in Few Months. ( -70% from Current Level )
So Guys Trade with Mind not FOMO
Support:- 0.0025/0.0012 BTC
Resistance:- 0.0044 BTC
Please Like and Appreciate โค๏ธโค๏ธโค๏ธ
LARP Capital: Litecoin Ratio get's Magic Juan'edFor those who have been following for a while you may already be well aware of our stunningly correct bearish stance on the entire crypto space since Spring of 2021 (how we doing bulls?). If this were NBA JAM the video game--anyone who understands the inherent unpredictability of markets and posseses the ability to 'zoom out' likely would have uttered the phrase "hes heating up" a long time ago.
It was around that time we were asked how we felt about Litecoin since it's no secret that we are long term bulls on the coin and accurately called the bottom in our "Litecoin As above so below" chart (linked in related ideas). With the understanding that Bitcoin was in a major correction with the potential to shift into an outright bear market, we explained and later illustrated with charts how and why we were similarly bearish on LTCUSD, and how any analysis of the LTC/BTC Ratio itself would be somewhat of a waste of time considering the reality of the trend of the entire space.
Fast forward to today, we are now updating our stance on the LTC/BTC Ratio with a cautious reminder that the entire crypto space is still (and will be until proven otherwise) in a bear market. With that said, we feel this analysis is useful and serves to corroborate our wider thesis on Proof of Work which we expect to come to fruition over these next couple of years (also linked in related ideas).
Now, lets talk about Elliot Wave. We are completing what is very likely a Triple Zig Zag non-standard correction which begins with what is arguably a "true" (beatey term) 'perfectly channelable' zig zag and certainly is juan when determined indirectly. There are other reasons (not shown in this chart) mainly related to time that suggest we likely have (more or less) found a bottom on the monthly chart. The power implications of a Triple Zig Zag suggest we can retrace this big leg down as much as 70% (upper limit of the target black box). In conjuction with other analysis (to be spoken about in future trips on #TheTruthSocialNetwork) which suggests that Bitcoin could find at least an interim bottom within the next few months (careful here Time and Price are two very different things) you begin to see how this beautiful chart (expect them to get cleaner as we go forward) presents a potentially lucrative setup in the near future.
(next) Image: 8f89d0b32d06c8abd56f40a64475f38e5c3655ae1797ecd362ef5bd485082664
Blessed be the fruit : )
-Not shminancial shmidvice
LTC halving is coming soon!!!Hello everyone!
If we look at the last 2 halving, we can see that litecoin has always strengthened before the halves, and then dropped after the halving.
www.litecoinblockhalf.com
Thanks to the money pump of the last few years, I expect by 2025 to see the crypto total market cap go towards 3T