LTC - My long-term safe trade
Head and shoulders complete -
The dip post head and shoulders has now also played out, while LTC is currently in a prolonged consolidation phase, the refusal to dip below the key support levels does lend some bullish sentiment for the long term.
Bullish Case: If LTC continues to hold above the strong support level and begins to break above key resistance levels, particularly around $70-$100, it could indicate the start of a new bullish trend.
News:
There's significant optimism due to a substantial increase in daily transactions, which have surged by 500% in 2024. This growth is largely driven by increased whale activity, signaling strong interest from large investors.
Charlie Lee Announces Expansion Into Banking Services - The highlight of this expansion is Litecoin’s integration into the banking app of Banco Bilbao Vizcaya Argentaria (BBVA), a major global financial institution. This partnership allows users to purchase LTC directly through the BBVA app. The integration is a significant step towards bridging the gap between traditional banking and cryptocurrencies.
Overall strong bullish sentiment for an overwhelmingly under-valued coin.
The dip post head and shoulders has now also played out, while LTC is currently in a prolonged consolidation phase, the refusal to dip below the key support levels does lend some bullish sentiment for the long term.
Bullish Case: If LTC continues to hold above the strong support level and begins to break above key resistance levels, particularly around $70-$100, it could indicate the start of a new bullish trend.
News:
There's significant optimism due to a substantial increase in daily transactions, which have surged by 500% in 2024. This growth is largely driven by increased whale activity, signaling strong interest from large investors.
Charlie Lee Announces Expansion Into Banking Services - The highlight of this expansion is Litecoin’s integration into the banking app of Banco Bilbao Vizcaya Argentaria (BBVA), a major global financial institution. This partnership allows users to purchase LTC directly through the BBVA app. The integration is a significant step towards bridging the gap between traditional banking and cryptocurrencies.
Overall strong bullish sentiment for an overwhelmingly under-valued coin.
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