@AskGigabrain@CryptoWizardd@litecoin We all know that this is all rigged, the space is full of fud and fomo. One day someone will be right and then say “see I told you” and will probably gain lot’s of likes and a few new followers as a result.
That’s kind of sad.
Litecoin
LTC R/R isnt as clean as the chart looks. While you're at 70.08, you're right under massive pivot resistance at 70.24.
Technicals show a bearish continuation setup on the 4h. The microstructure is even more concerning. Long/short ratio is overcrowded at 3.07 and whales are actually leaning short. That usually ends in a long squeeze to flush out retailers before any real move.
The biggest hurdle: FOMC is tomorrow. Attempting to moon it right before the Fed speaks is high risk. I'd wait for a clean reclaim of 70.24 with volume before trusting any upside. Support at 69.10 needs to hold or it likely targets the 65 zone.
Be careful here, the crowd is leaning the wrong way. 📉📈
I was shorting Litecoin when everyone was balls deep bullish.
Now I’m not short any more.
Some say $LTC to $62 -$50s or even $40s
I say that’s bullshit!
@Puer_Homme@XRPathologist I have a strong feeling that you would be having the same story if LTC was to lose $30.
Scenario we are in at the moment is not bullish at all.
It only takes Grayscale to start offloading and Litecoin is done forever.
Here’s what I’m watching on #LTC.
Price is still grinding lower inside a clear falling wedge structure, but the most important thing right now is location. We’re sitting in long-term support in the high $60s, with $60 being the real HTF line in the sand.
This doesn’t look like panic selling to me. Volatility is compressing, momentum is slowing, and price is behaving exactly how you’d expect as it approaches a major decision point.
If $60 holds, this starts to look like compression at support. If $60 breaks cleanly, then it’s simply trend continuation lower.
$LTC -10% this week testing long term support
has fallen out of the top 20 cryptos to 22nd. Great time to buy if you believe in the digital silver token.
@litecoin Are you fucking aware that 9 years ago $LTC price was $370 and 13 years ago it was $53?
Do something about the price or shut the fuck up for good!
Can someone mute or delete @litecoin account as this 🤡 running it is just doing more damage.
The next monero move will teleport to $1000
This brutal correction cleansed every single one that didn’t believe.
You are about to witness one of the most legendary plays in the history of crypto.
Do not fuck it up twice.
The retrace was a miracle for you.
The one $XMR 😈🏴☠️
This is actually what you want to see for #LTC. Price dropping into higher time frame support while compressing in a falling wedge. That’s exhaustion and absorption. It’s the opposite of a rising wedge pushing into HTF resistance, which is usually distribution.
Structure matters more than direction in the short term.
Nearly there now $LTC
Looking fantastic. The replies to my last post on Litecoin showed there was good room to fall. They likely get bearish at $40/$50 when buys are optimal.
@lite_hause Do you think that’s unreasonable considering what’s happening to the price? Even hardcore maxis are starting to give up.
The support LTC gets compared to the pressure against it is completely disproportionate.
#LTC sitting precariously on long term support but some glimpse of a possible bounce coming from slight Hidden Bullish Divergence on this long term weekly chart.
Hodlers will likely hang on.
New longs are reasonable with stops below, as are potential shorts if support breaks.