For those who can see the Lite shall witness the phoenix ARIZE
Hi all, many have been asking for an official update to this ltc/btc chart published over a year ago due to how surprisingly accurate it has turned out to be:
...u been in this game long enough and every once in a while u tend to get things right. Go figure. Some have said I have the best litecoin track record on tradingview but I think that's ridiculous i'm sure someone has done it better (have linked some past analysis in Link to Related Ideas). Anyway, here is the update, to be honest I held off on this one for a while b/c (as bullish as I am/have always been) on ltc I didn't think it was ready yet. Now I think it's getting close to that time. It looks like we are in the late stages of a terminal c wave for the end of a larger degree wave 2, or wave Y of W-X-Y...in either case this would suggest huge upside lies ahead in the coming years for litecoin. I believe a new market cycle for alt coins has begun, and a few alts are on the brink of massive wave 3's (if u looked w/ the right eyes u could prob find a few of these charts). It's possible other alts will outperform in the near future but I think ltc is the best bet long term, and is very close to having bottomed if it hasn't already.
While the progress is slow and steady, litecoin will be adding Confidential Transactions/Mimble Wimble in extension blocks. The significance of this can not be understated in the upcoming battle for privacy in crypto as the Epstein Network begins to acknowledge crypto has already won, and there only shot is to accept the loss and continue to attempt to infiltrate its future (as seen evidenced by the failed attempts to fork btc w/ bcash, co-opt developers, exchanges, etc). The non speculative mind would say "the halving already came and nothing happened" which is idiotic to put it lightly. Litecoin is no longer an alt coin, it has stood the test of time and is it's own coin/community, the event is not as important is the long term effects of decreased supply amidst a blossoming coin w/ incredibly strong fundamentals. Btc fees/demand for blockspace will inevitably continue to rise during cycles of high demand (my elasticity theory of demand--if u didn't catch it in the past sorry u should have been paying attention) and thus a secure, high cost to attack network which does not directly compete for mining (different algo) is incredibly valuable. Further, especially when considering the lower cost to open channels on Litecoin's Lightning Network as compared to bitcoin (channel opens/closes ultimately settle to the chain which has a cost). Privacy is coming to ltc, and since btc is so hard to change (good for monetary policy) ltc will get there first, as with segwit, and pave the way. It's possible btc will never have good privacy, which could prove to be a boon for incentivising developers to want to work on ltc (same codebase) as opposed to btc, and regardless any code they write can simply be adopted by ltc devs as has shown to be the case.
Anyway, may provide a more extensive analysis as far as the Elliot Wave nittie grittie technical at my new >LTC-JOE cloutreon. Finally, this time my Truth Social Network signature/URL stamp will be provided in my >LTC-JOE block, I realized this method makes more sense. >BTC_JOE lmk wot u think of this! Good luck all.
...u been in this game long enough and every once in a while u tend to get things right. Go figure. Some have said I have the best litecoin track record on tradingview but I think that's ridiculous i'm sure someone has done it better (have linked some past analysis in Link to Related Ideas). Anyway, here is the update, to be honest I held off on this one for a while b/c (as bullish as I am/have always been) on ltc I didn't think it was ready yet. Now I think it's getting close to that time. It looks like we are in the late stages of a terminal c wave for the end of a larger degree wave 2, or wave Y of W-X-Y...in either case this would suggest huge upside lies ahead in the coming years for litecoin. I believe a new market cycle for alt coins has begun, and a few alts are on the brink of massive wave 3's (if u looked w/ the right eyes u could prob find a few of these charts). It's possible other alts will outperform in the near future but I think ltc is the best bet long term, and is very close to having bottomed if it hasn't already.
While the progress is slow and steady, litecoin will be adding Confidential Transactions/Mimble Wimble in extension blocks. The significance of this can not be understated in the upcoming battle for privacy in crypto as the Epstein Network begins to acknowledge crypto has already won, and there only shot is to accept the loss and continue to attempt to infiltrate its future (as seen evidenced by the failed attempts to fork btc w/ bcash, co-opt developers, exchanges, etc). The non speculative mind would say "the halving already came and nothing happened" which is idiotic to put it lightly. Litecoin is no longer an alt coin, it has stood the test of time and is it's own coin/community, the event is not as important is the long term effects of decreased supply amidst a blossoming coin w/ incredibly strong fundamentals. Btc fees/demand for blockspace will inevitably continue to rise during cycles of high demand (my elasticity theory of demand--if u didn't catch it in the past sorry u should have been paying attention) and thus a secure, high cost to attack network which does not directly compete for mining (different algo) is incredibly valuable. Further, especially when considering the lower cost to open channels on Litecoin's Lightning Network as compared to bitcoin (channel opens/closes ultimately settle to the chain which has a cost). Privacy is coming to ltc, and since btc is so hard to change (good for monetary policy) ltc will get there first, as with segwit, and pave the way. It's possible btc will never have good privacy, which could prove to be a boon for incentivising developers to want to work on ltc (same codebase) as opposed to btc, and regardless any code they write can simply be adopted by ltc devs as has shown to be the case.
Anyway, may provide a more extensive analysis as far as the Elliot Wave nittie grittie technical at my new >LTC-JOE cloutreon. Finally, this time my Truth Social Network signature/URL stamp will be provided in my >LTC-JOE block, I realized this method makes more sense. >BTC_JOE lmk wot u think of this! Good luck all.
