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3X Long Litecoin Token forum

12 hours ago

Sculpin View
1H Elliot waves done and consolidating at wave 2. Could be a sign we're on 4H Elliot's, and sculpin would bounce at 0.

Small slow wave down to 119.54/121.54 range and bounce would confirm. Hoping for a nice run this week.

Could also consolidate at 120.50 region, or collapse to build support at 117.

13 hours ago

Formation:
The symmetrical triangle indicates decreasing volatility and an impending breakout. A break above the upper trendline could signal renewed momentum toward higher levels within the ascending channel.

Support and Resistance Levels:
Key Resistance: The upper boundary of the triangle near current levels, with an extension toward 1.27T in play after confirmation.
Support Zones: The lower boundary of the triangle and the channel provide critical safety levels near 1.06T and below.

Volume Decline:
Volume is declining during consolidation, which is typical before significant breakouts. A volume surge will confirm the next move.

Bullish Case 📈:
A breakout above the triangle signals continuation to test 1.27T, with the ascending channel guiding the move.
Broader market sentiment supports altcoin dominance, aligning with the bullish setup.

Bearish Case 📉:
A breakdown from the triangle and the ascending channel could lead to a retest of lower support near 950B-, invalidating the bullish structure.

Conclusion: TOTAL3 is positioned for a critical move. Will the Head & Shoulders pattern play out for a bullish continuation, or will the triangle break to the downside? Watch for volume confirmation and be prepared for the next big move!

yesterday

on a 2 week chart it looks like a giant bull flag. If we break the last top and confirm that then I think theres no limit for how high this coin can go. Look at the small market cap and the history and ETFs coming for this one. The OGs of Tradfi know this one by now and they will most likely see this as silver to bitcoin by now. I stacked some for a longer investment horizon. I will look out for a smaller top on this run because I think that could form a head and shoulders pattern, but I dont see that as very likely at this point. One last thing, noone knows who satoshi is, but everyone knows who is the founder of Litecoin. The OGs in tradfi will see that as a lower risk. Therefor I believe it has a lot of potenial to make a massive run in this bull run.

yesterday

’s 21 million finite supply? Who cares! 😜 The reign of Bitcoin as King is coming to an end. Bitcoin has to share its market cap with DeFi, gaming, metaverse, memecoins, and more. Most of these are newer, faster, and even more secure—some are also stable! There are plenty of better cryptos out there just waiting for ETF approval. You can’t force people to buy Bitcoin-only and still call it decentralized finance! 🤣 The young, fresh youth is taking over, leaving the old slow dinosaur to go to sleep… 🦖💤

2 days ago

Not going to lie, I'm excited now..
The fomo will hit extreme levels soon - and all at once LTC will become the shiny new(old) toy. We have a finite asset with heavily growing institutional & retail demand accompanied by a technicals which look like they've been painted for the last 7 years in preparation for this rally. I could go on about chart, increasing hashrate, security, speed.... but the reality is, institutional players will drive this story now. They will produce the narrative of bitcoin 2.0; sliver to gold.. which is true, but they'll now exploit it - once their bags are packed of course 🚀

2 days ago

In the long turn, LTC could grab number 3, may be even pass Eth to #2 spot. 5,000 a coin is a 400 billion $ market cap. It is possible. Eth is not gaining anymore traction. Eth foundation is dumping for over a year now. Eth needs to innovate, or fall be hide. There is no Doge without LTC. Hash rate going through the roof, just like the early days of BTC.

2 days ago

Nate Geraci, President of The ETF Store, tweeted that the New York Stock Exchange (NYSE) has filed a 19b-4 form to list and trade the Grayscale Litecoin Trust, signaling its potential upgrade or conversion into an exchange-traded fund (ETF). Meanwhile, CoinShares has also submitted applications for Litecoin and XRP ETFs