Something 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...
Litecoin dominance was in a degenerative state since 2019. A strong reversal move has emerged with a 70% gain in a very short time. This is unusual for a dominance chart.
The bars pattern placed just is a punt showing a recovery of the highs of dominance for LTC.
Litecoin is a great long choice based on this chart and other charts linked below
LTC/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...
LTCETH has traded outside of the Boundaries of a 4 year wide Falling Wedge Pattern after giving us 3 distinct waves to the downside within the wedge and Bullishly Diverging on each wave down. Now we can see LTC breaking above the moving averages on major timeframes where it can now begin to make 3 major pushes up.
Given the nature of how Altcoin Pairs work in...
LTCUSD has been sitting at a 88.6% Retrace for the last few weeks nowholding above both it and above a falling Wedge that it's developed on the weekly timeframe.
If it can bounce back up from here i think it will have 3 profit targets: $420, $515, and Finally $645 as that would align with the 100%, 127.2% and 161.8% Fib Extension targets.
My targets for this...
As i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see...
Hey Traders,
As you can see, the Litecoin Dominance Spikes are primarily found using the normal 0.236, 0.382, 0.5, 0.618, 0.786, and 1 levels. Based on this, we can expect the next run-up for Litecoin to be July 13th! Dominance will 100% keep falling until then but yeah, the peak will probably be where we are at now... assuming BTC has rallied, the current market...
We have a Cup with Handle here on the LTC/BCH chart and it looks like the target will take Litecoin up to a value worth more than 1 Bitcoin Cash which is currently trading at about twice Litecoin's current value.
This may signal that either BCH's USD price will be coming down towards Litecoin's price soon or that Litecoin's will be coming up towards and above...
Mirroring 0.618's climb within the circle
1.618's climb within the circle may result like this
A result of this would be temporarily extremely bullish for LTCUSD
