btcinvests

LTCUSD (4h): Why LTC could rise to 800? Steps: 365>530>800 USD

POLONIEX:LTCUSDT   Litecoin / Tether USD
In the last few days we have already seen 300 USD, as expected in my last post to LTC. The question is, what's happening now. According to TA, the LTC could develop and go up independently of BTC             . Why?

Here are some facts about LTC that may not everyone is aware of:

1.
China has instructed the Bitcoin             mining industry to carry out a rapid and orderly deconstruction. This means that around 70% of the world's mining power will be no longer available. This could further slow down BTC's network and thus the transactions.

2.
Most people are not yet aware of the technological leap by Lightning and its effects. Lightning will almost abolish charges. Wallet operators can make p2p payments securely and free of charge. Bitcoin Cash             could become unnecessary because BCH has no Segwit and therefore no lightning.

The first stock exchanges that establish Lightning will handle instant transfer and trading between trading partners directly on the blockchain. Exchanging Litecoin for Bitcoin             to Dash etc. is handled between the users of the different blockchains in separate channels. As soon as this is realized, there will be a paradigm change and the altcoins will all jump up to become lightning compatible.

What does this have to do with LTC now? Litecoin is already compatible with Lighting! And therefore it could replace BCH. And now let's take a look at the price of BCH and compare it to LTC. Any more questions? ... Lightning is developed with absolute high pressure and a test network is already running successfully. This could be the Game Changer 2018.

3.
With this technology in the background, LTC is one of a kind. The distance to the main competitor DASH will be significantly reduced. Let's compare the price with DASH, no questions should remain unanswered.


The only unknown in the TA is time. LTC could rise sharply. The time frame is open. No one can say whether we will see the 800 USD in February, but it could probably be. Current, we should have reached the bottom.


Let's see what happens. Happy trading. :-)


See also:
https://www.tradingview.com/chart/LTCUSDT/AmUWVrzQ-LTCUSD-8h-Possible-Forecast-300-400-550-USD/
Komen: LTCUSD (2h): current situation. close up.

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Komen: LTCUSD (30min): screenshot for in-between

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Komen: LTCUSD (4h): update ... still unsure, but not so bad.

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Komen: LTCUSD (4h): update ... situation could be more clear and positiv.

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Komen: LTCUSD (30min): update. LTC may have broken the short term resistance.

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Komen: LTCUSD (4h): update. waiting for re-entry.

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Thx for following A N D thx for helping.



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What about LTC/BTC consolidating firmly between 0.0169 and 0.0172 for quite some time?
Balas
@cacan, I can't say. I'm just looking at ltc/usd and btc/usd.
Balas
cacan btcinvests
@btcinvests, if you take a look at LTC/BTC you might notice that consolidation level is being almost meticulously maintained between those two levels for almost a week. Could it be that LTC/BTC consolidation level is the main game being played, while LTC/USD is just a result of BTC price swings?
Balas
@cacan, I also noticed that LTC and BTC behave the same way. But at the moment I haven't heard anything about that being manipulated. Actually, LTC has to disconnect itself from BTC. The question is only when and if. Imho LTC is the better BTC.
Balas
Thank you for being a guide to people.
+1 Balas
@htgorgulu, you welcome. :-)
+2 Balas
Will it be updated?
thx.
Balas
I completely agree. LTC is way undervalued.
Balas
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