The first ever altcoin
Lite coin was the second crypto currency ever created
It has never really marked up in price beyond the 1st wave and appears to have been accumulating this range since the 2017 cycle. ~8 years
Macro economic conditions aswell as a fresh market cycle this time with traditional finance at the helm means we likely see diversification of portfolios at some point. Ltc would be well placed to be included in some etfs and could see a range mark up due to this as well as several halving events with no markup.
Digital silver narrative could heat up aswell idk. Technically speaking it looks like accumulation is finishing and we could see expansion phase begin soon, heading into a late q3 or 4 rally but this is very speculative. I have seen one announcement of a tradfi firm announcing an ltc buy but that's it so far.
~2x to the range high with potential for claiming that high and consolidating.
Lite coin was the second crypto currency ever created
It has never really marked up in price beyond the 1st wave and appears to have been accumulating this range since the 2017 cycle. ~8 years
Macro economic conditions aswell as a fresh market cycle this time with traditional finance at the helm means we likely see diversification of portfolios at some point. Ltc would be well placed to be included in some etfs and could see a range mark up due to this as well as several halving events with no markup.
Digital silver narrative could heat up aswell idk. Technically speaking it looks like accumulation is finishing and we could see expansion phase begin soon, heading into a late q3 or 4 rally but this is very speculative. I have seen one announcement of a tradfi firm announcing an ltc buy but that's it so far.
~2x to the range high with potential for claiming that high and consolidating.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.