Litecoin | Socio-Political Instability & Financial Crash Will...

5 Sep

So Litecoin (LTCBTC) has been dropping for a long, long time. No significant bull-market is present on this chart. We can interpret this in mainly two ways:

1) The fact that there is no significant growth, ever, regardless of the overall market cycle and sentiment, we can assume that the same pattern will repeat.

2) Since there hasn't been any strong bull-market, the bulls are well rested/sellers exhausted, so the next bullish wave can be super-strong.

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1a) Miners decide to take profits by selling their Litecoins for Bitcoin and thus we see long-term depreciation on this pair.

2a) The financial market is about to experience a very bad period, a strong bear-market. We are talking about the conventional financial markets and the Crypto-giants. When everything hits the fan, things get ugly, people will start to talk about the validity of the projects. Their strength will be questioned so old and "stable" projects will be favored.

Since we will have socio-political instability and financial panic, all the projects with no substance, no team behind them, all those memes will crash harder than anything else. All those that have been around for the longest time but neglected recently will come to the front.

This is why I think Litecoin will boom in 2025 together with many of the older projects, because the financial markets are about to blow up.


➖ Technical Analysis

This pair produced a new ATL recently and printed a clear reversal pattern in a form of five big full sideways candles. This is followed by a breakout from the falling wedge pattern.

We can expect long-term growth on this pair.

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Thank you for reading.

Namaste.