The LTC/BTC chart currently looks weak, but there’s still a glimmer of hope. The channel may act as support, potentially enabling a trend reversal. For this to happen, we’d need to see swift, decisive moves with large candles—a pattern Litecoin has historically demonstrated it can achieve.
If the trend reverses, the Fibonacci levels at 0.0128 and 0.0268 could be key targets. At Bitcoin’s current market cap, these levels would correspond to Litecoin market caps of approximately $100 billion and $200 billion, respectively.
Meanwhile, the LTC/USDT chart looks quite bullish, which further supports the potential for a significant move in the near term.
Wishing you a Happy New Year! Remember to always do your own research. This analysis is intended for educational purposes only and is not financial advice.
If the trend reverses, the Fibonacci levels at 0.0128 and 0.0268 could be key targets. At Bitcoin’s current market cap, these levels would correspond to Litecoin market caps of approximately $100 billion and $200 billion, respectively.
Meanwhile, the LTC/USDT chart looks quite bullish, which further supports the potential for a significant move in the near term.
Wishing you a Happy New Year! Remember to always do your own research. This analysis is intended for educational purposes only and is not financial advice.
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