LTC long term view

2023年4月2日

Litecoin is currently in a +2000 day range
It could break out one day and if you it'll go nicely, as it did before.

However, one factor worth noting is that the 2021 high was barely higher than the 2017 high while Bitcoin did more than a 3x

This is relative weakness on Litecoin's part

I think it'll break out of the range one day, and when it does the target is $1000.

It could take a few years though.

3月5日

註釋

I think LTC could break out of this 7 year consolidation.

The market is definitely changing in terms of participants and I'm just thinking about it from the new participants (ETF) perspective

Bitcoin is high
Bitcoin = GOLD (in their eyes)

Litcoin is Low
Litecoin = Silver (in their eyes)

LTC is fundamentally the same, just with a 4x higher supply, so it could be easy to make an ETF in terms of regulation.

Right now the LTC/BTC ratio is .001340 which is close to it's all time low (the market it valuing Litecoin less and less vs Bitcoin) which makes this even more risky. I'm just looking at price action and basically gambling that it's bottoming here. If the market made sense the LTC/BTC ratio would be .25 but that will never happen (that would be ~19000% from here). If LTC went to 1000 at current prices the LTCBTC ratio would be 0.01449275, which is much more realistic.

It's a 10x from here which is low probability but not impossible. The current market cap is 6.5 billion, meanwhile BTC is seeing multi-billion dollar inflows every week from the ETF... LTC is going up I'm just not sure how much.

In terms of USD, I think any dips to 75-81$ are buys and just hold for the long term.

3月17日

註釋

added at 78 and 82. LTC/BTC is looking TERRIBLE
the market is looking terrible in general but I'm adding anyway

6月15日

註釋

it's kind of do or die time for Litecoin. If it doesn't bounce back here it could go into the 40's. It's tested this area too many times. I'm still hopeful but time is running out.

11月8日

交易進行

ok pretty much dipped into the 40's and still hovering over the forevertrendline
LTC is not on anybody's mind still, understandably, but I could see that change if it starts to go crazy. it's definitely a low odds trade but the reward is good enough.

I think boomers will come into the market still. LTC is the simplest explanation to any new entrant. It's literally the same as bitcoin but the supply is 4x. Meanwhile Bitcoin is 1000x more expensive than Litecoin.

12月5日

註釋

Expect selling at 150 and 200