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Litecoin: A Major Opportunity in the Next Altcoin Cycle?
Litecoin is poised to be a significant gainer in the upcoming altcoin cycle, alongside many legacy cryptocurrencies (xrp, xlm, zcash, eos, icx, ada etc)
On the LTC/BTC trading pair, Litecoin has been in a prolonged downtrend since its peak in 2018, experiencing a massive drop of over 96%. However, there are signs that the tide may be turning. Bullish divergence is forming on the weekly and monthly charts, signaling potential upside momentum.
A conservative target would be a price increase up to the second green line on the chart, which represents a 6x growth from current levels. However, considering the vastly improved fundamentals over the years—such as consistent accumulation by Grayscale and ongoing ETF discussions—a scenario where Litecoin recovers to 50% below its all-time high seems plausible.
Keep an eye on the charts and fundamentals; Litecoin might surprise many in this cycle.
On the LTC/BTC trading pair, Litecoin has been in a prolonged downtrend since its peak in 2018, experiencing a massive drop of over 96%. However, there are signs that the tide may be turning. Bullish divergence is forming on the weekly and monthly charts, signaling potential upside momentum.
A conservative target would be a price increase up to the second green line on the chart, which represents a 6x growth from current levels. However, considering the vastly improved fundamentals over the years—such as consistent accumulation by Grayscale and ongoing ETF discussions—a scenario where Litecoin recovers to 50% below its all-time high seems plausible.
Keep an eye on the charts and fundamentals; Litecoin might surprise many in this cycle.
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