Litecoin LTC price "keeps up"In 2016-17, 2019, and 2020, CRYPTOCAP:LTC was among the first to roll out the alt-season.
Of course, #Litecoin is “not the same” anymore, and many newcomers to the crypto market and fans of “hamsters” do not even know how much CRYPTOCAP:LTC "to do" for the global development of crypto. He was proudly called “silver” right after the golden CRYPTOCAP:BTC
🔝 And yet, the OKX:LTCUSDT price is holding up well, volatility is reduced, is it really preparing for something “big”?
Do you believe that the #LTCUSD price can reach $190-220 again?)
LTCUSDC
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
Trade Alert - Long LiteCoinTraders,
As you will read from my previous posts, the signal seems to be given on the Bitcoin chart to go long. Therefore, I will begin to acquire larger cap altcoins, followed by medium cap. Then small. The blow-off top that I have been calling for now over a year appears to be manifesting with reckless U.S. government expenditure. The dollar should drop over the course of the next year. Inflation will continue. And this will be priced into stocks, commodities, and crypto.
I am buying Litecoin here. Target TBD. SL = anything below the bottom of my triangle (pending risk tolerance).
Best,
Stew
Litecoin Macro
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Website: litecoin.org
CoinMarketCap: coinmarketcap.com
Founder: twitter.com
Social Link #1: twitter.com
Social Link #2: twitter.com
Random Facts:
Litecoin is a fork of Bitcoin. With '4x' times more supply.
Litecoin has a feature that allows share mining with Doge.
Dash is a fork of Litecoin.
Halving dates for Litecoin:
Aug. 25, 2015: 50 to 25.
Aug. 5, 2019: 25 to 12.5.
Aug. 23 (guesstimate), 2023: 12.5 to 6.25.
Notes:
Litecoin paired against Bitcoin is in a trading range, and is attempting to reclaim the range currently.
The deviations were the same duration, and volume signatures. The time of the H&S distributive pattern was the same duration as the start of the BDW accumulation pattern, before the deviation begun.
This is DOGE 2.0.
Litecoin has only spent 3% of its life at these price levelsSo, if you were to take a peek at my post history, you would see that I published a similar chart back in 2020. That chart was focused on bitcoin - it's price at the time was roughly $12k.
At the time, bitcoin had spent less than 2% of its life at prices at or above $12k. That was mid 2020. Bitcoin has done roughly a 5.5x since then and is clearly showing the entire world that it has yet even more upside potential.
So, here we are again, except with Litecoin this time.
This is the time to double-down on LTC.
Buying Litecoin around these levels is effectively like going back in time and buying Bitcoin around $12k.
The numbers speak for themselves.
(not financial advice ;)
LTC making higher lowsLTC looking good on the USD pair, not so much on the BTC pairing. Making higher lows, halvening happens in about 6 hours. Think we should see growth here from the USD pair. If BTC nukes LTC will probably follow. So be careful. Looks good to me though to clear 100+, depending on what Bitcoin does. Also should be a nice long term HODL if you prefer.
Disclaimer: I am not a financial advisor, and this is not financial advise