Hello everyone,
It looks like we are going to witness a little revolution about "Litecoin". Many people don´t even remember Litecoin being Top #3, #Top10, they remember him as some old OG coin for boomers, easy to transact with, but "store of value? hah A) Charlie Sold B) It didn´t have a major price move".
Well If I am going to tell you, we had to let it cook for a while.... for 11 long years (mainly last 7 between post 2017 bullrun and today).
This is the magic chart:
https://www.tradingview.com/chart/LTCBTC/D6Uum4sj-10-year-wedge-about-to-break/
It goes all the way back into October 2013, 3D candles. Litecoin has been in dowtrend FOREVER in crypto space.
There are still believers, that due to supply (BTC 21M and LTC 84M), the real Litecoin price should be BTC/4 = 0.25 LTC/BTC
In 2024, in a world where people are searching for the next 100x meme coin, or Layer 7 DeFi on ETH channel, there is a quiet change of pace. Litecoin is rebounding from 0.001175 LTC/BTC (28th Feb) to todays value of 0.001375-0.001345 LTC/BTC.
To breakout of this eternal damnation, LTC/BTC has to hold for tommorow somewhere above 0.001337+.
I am not saying, that LTC can go to 0.25 at ratio, but... we could 30x-50x our Bitcoin and we would be still at only 0.065 LTC/BTC (50% above last ratio high at 0.04) a move that Dogecoin did against Bitcoin in it´s own eternal damnation downtrend... until it mooned.
Fly chickuns.... fly submitted by /u/NightKnight_CZ
[link] [comments]
http://dlvr.it/T4YN6K
It looks like we are going to witness a little revolution about "Litecoin". Many people don´t even remember Litecoin being Top #3, #Top10, they remember him as some old OG coin for boomers, easy to transact with, but "store of value? hah A) Charlie Sold B) It didn´t have a major price move".
Well If I am going to tell you, we had to let it cook for a while.... for 11 long years (mainly last 7 between post 2017 bullrun and today).
This is the magic chart:
https://www.tradingview.com/chart/LTCBTC/D6Uum4sj-10-year-wedge-about-to-break/
It goes all the way back into October 2013, 3D candles. Litecoin has been in dowtrend FOREVER in crypto space.
There are still believers, that due to supply (BTC 21M and LTC 84M), the real Litecoin price should be BTC/4 = 0.25 LTC/BTC
In 2024, in a world where people are searching for the next 100x meme coin, or Layer 7 DeFi on ETH channel, there is a quiet change of pace. Litecoin is rebounding from 0.001175 LTC/BTC (28th Feb) to todays value of 0.001375-0.001345 LTC/BTC.
To breakout of this eternal damnation, LTC/BTC has to hold for tommorow somewhere above 0.001337+.
I am not saying, that LTC can go to 0.25 at ratio, but... we could 30x-50x our Bitcoin and we would be still at only 0.065 LTC/BTC (50% above last ratio high at 0.04) a move that Dogecoin did against Bitcoin in it´s own eternal damnation downtrend... until it mooned.
Fly chickuns.... fly submitted by /u/NightKnight_CZ
[link] [comments]
http://dlvr.it/T4YN6K
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