Litecoin (LTC), currently priced at $125, is forming a breakout pattern that signals a potential rally to $5,000 over the next year. With a market capitalization of approximately $9.8 billion compared to Bitcoin's $1.8 trillion, Litecoin shares many similarities with Bitcoin, such as a capped supply and proof-of-work consensus, but offers distinct advantages. These include faster transactions, lower fees, optional privacy features, and merge-mining with Dogecoin, which enhances network security. Despite these strengths, Litecoin appears significantly undervalued. Dollar-cost averaging during this rally could be a strategic way to maximize gains. If Litecoin were to capture even a small percentage of Bitcoin’s market cap, the returns could be substantial, and a tenfold market cap increase would still leave it well below Bitcoin’s valuation. This highlights the immense growth potential for what is arguably the closest crypto to Bitcoin. Investors should consider this opportunity as the chart and fundamentals suggest a bullish trajectory ahead.
This trade's risk reward is a little lacking for the risk, however it may be a decent one to consider given it's a 4hr TF on top vs 12 HR on bottom and in an uptrend!
I’ve capitalized on the nice swings in price action this week—could there be one more opportunity? I’m closely watching for a break in structure to the downside, as my overall weekly bias remains short. This move could result in a strong push lower or a smaller breakout to the upside before resolving. We’re currently in a major zone, and breaking this trend could signal a test of the lows with potential continuation. My weekly bias is informed by analyzing the COT report to track large speculators and leveraging tools to gauge retail sentiment.
after a deep corrective movement by reaching RSI over sold area it was supported and by candle 4 and 18 november broke up the descending trend line but stopped after reaching the first static resistance area made by candle 23 sep . If the price could break up the first static resistance line so it would be an important signal of turning the down trend into up trend . studying the moving averages shows that the price is blow the 21 ema which is as the same area as the first static resistance line. also the there is a positive divergence between price and momentum indicator that says the momentum or acceleration is increasing . so we can consider it as a positive sign for possible up trend movement. first stop loss : the candle 18 nov second stop loss : 4 nov candle first target point : the candle 15 july 2024
Using logarithmic projections the measured move of this #HVF takes #ETH well in to the teens. The caveat being it may not happen in 2025 but completes the pattern, later on this decade. It is a big market cap of around 2 trillion based on the current circulating supply. So not a pie in the sky valuation at all. @TheCryptoSniper
Charting with crypto is fun. There are indicators of moves to come. They are only accurate during bull runs so beware! Have 2 open positions $100 each bought at $0.057 and $0.067. Waiting for...you know what! Lets go... 3x
ETSY looks set for a run heading into the holiday season, like it's done the last few years. Here's why I like ETSY long, at least in the short-term heading into the New Year: - Falling wedge breakout on the daily chart - Rising volume on breakout moves - Healthy consolidation above breakout - Continuation with volume - Gaps above (magnet) - Large Volume Shelf at $64 area (magnet) Let me know what you think! Full disclosure: I am positioned long. Plan to sell around $62-64
ETHUSDT Technical analysis update ETH has been trading inside the triangle for the last 4 years, The price is now moving toward the triangle resistance, signaling a potential breakout. Once the price breaks above the triangle resistance, we can expect a huge bullish move in the coming months, with the price potentially reaching the $8,000–$10,000 level during this bull run. CRYPTOCAP:ETH BINANCE:ETHUSDT BITSTAMP:ETHUSD BINANCE:ETHBTC
Here i show you how you can trade just by using support and resistance and you have start analysis trading from daily timeframe then down to 15minus . Use money management for trading gold as it volatile.
Link has recently increased over 160% - and that's an excellent increase in 3 weeks, let's take a moment to appreciate this and not be greedy! Although it would have been most ideal to see LINK back up at ATH prices, more increases are on the cards BUT FIRST we need to reclaim a major resistance zone. Here's my overview on Altcoins - specifically Altseason - at the current moment. Find it here : https://www.tradingview.com/chart/ADAUSDT/NdaMvIUL-ADA-ALTCOINS-Altseason-Approaches-AN-END/ ____________________ BINANCE:LINKUSDT