Dear my friends,
Yesterday I analyzed BNB's position against BTC.
Today I also send to my friends an analysis of the price correlation of LTC compared to BTC.
But before talking about price, please observe the volume of LTC compared to BTC. Is it gradually shrinking and waiting for a chance to break out?
Now let's observe the price to find this opportunity. First...
Chart suggests it has a chance ... right ?
What do you see?
certainly gaining ground and we have clear key ratio that if it clears
we will likely see continuation in this ratio.
Hello, dear friends!🫶
The potential of Litecoin, like other cryptocurrencies, depends on various factors including market conditions, technological developments, global adoption, investor interest, and several other factors.
Litecoin, like other cryptocurrencies, may experience significant price fluctuations and volatility in the market.
Some investors and...
Negative action can be a positive signal. This is based on the fact that we know the Cryptocurrency to be a newly developing and growing market.
Seeing Litecoin going down long-term, can be interpreted as a positive signal. I will add some context.
If this were a different market, say the fax machine market or the mail market, the stock market or something old...
Hello everyone, do you want all BTC pairs on binance as a watchlist?
I have prepared it for you here, just click on the link and save it as a watchlist. I wish you the best.
www.tradingview.com
Self explanatory, there is a 10 year wedge with no room left to squeeze happening on LTCBTC
On chain metrics for LTC show usage, hash power, wallets, daily transactions all rising rapidly over the last 12 months. Everything for LTC is up except for its price.
Expecting something explosive once this wedge breaks. 10 years for a wedge is unprecedented when it...
1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity.
2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE)
3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile.
4) New Chart now has on chain fundamental for LTC to compare...
What we are seeing is an oversold Litecoin/Bitcoin ratio, which we can see from the RSI and its bullish divergence. The upside potential is highly dependent on how Litecoin performs in the coming weeks. Now its time to HODL and chill.
Anticipating a déjà vu from Dec 2017. A glitch in the Matrix.
BTC to continue rallying, finish bleed alt/BTC pairs, then FOMO to alts.
Avoid anything that hasn't survived the test of time.
Unless you're strong enough to be a bag-holder.
LTCBTC has been trading within a downtrend channel, with the price nearing the bottom side of this channel. Despite the prevailing downtrend, there are signs of a potential correction. A bullish divergence pattern is forming, indicating a weakening bearish momentum and a possible trend reversal.
Given these observations, we are considering initiating accumulation...
New targets are 1.295 and 1.618
It doesn't mean that LTC/USD will go down.
But I suspect BTC/USD will go up and riding high in April.
BTC Dominance has to hit .618 (at around 60%) in order for alt coins to go up higher against BTC.
Otherwise, Alt/BTC pairs will go down building new lows 😃
After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair.
Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.
I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄
Maybe we have to run out of BTC first in order...
March 1st 7 years ago this exact thing happened as soon as Bitcoin broke the high. Lets see if history rhymes. It may just look like a bunch of lines but these lines are all trendlines. many times price falls right into where X marks the spot. The more trend lines that go through that price the more likely the price will retrace to that exact spot and time. ...
