Litecoin, A Reasonable Price Prediction For LTC Crypto
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- Опубликовано: 2 июл 2024
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Litecoin (LTC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer's concerns that Bitcoin was becoming too centrally controlled, and to make it more difficult for largescale mining firms to gain the upper hand in mining.
While eventually unsuccessful in preventing enterprise miners from taking over the lion's share of Litecoin mining, the cryptocurrency has reworked itself into a minable coin and a peer-to-peer payment system.
Nothing in this video is financial advice and is purely educational.
I hope you enjoy the video :)
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0:00 (Intro)
0:21 (Halving Similarities)
4:17 (Why This Time Is Different)
5:34 (Another Difference)
5:52 (When Could We See A Bullrun?)
9:15 (BTC Chart)
10:38 (How Much Longer Could We Trend Down?)
13:39 (Where Could We Bottom Out?)
15:06 (Outro) 
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Subscribe if you're holding Litecoin this cycle.
$Ltc analysis ♥️
I can just see this channel growing to be 1 of the best crypto channels by end of this year. Easy!
Hey Mohamed,
Thanks so much bro, that really means a lot. Honestly I'm not too worried about the size, just enjoying making the videos and chatting to people like you whilst making them. :)
Great video bunda!
Thanks Sloth. Always good to see you in the comments :)
isn’t the sec going after UNI? I BAUTH 500 Uni token😢😮. Will be this token by 28€?
It issued a Wells Notice so it might be sued. Check out the Uniswap video for the price analysis :)
At 6:00 you draw 36 weeks from the low at the start of the white ascending wedge IIMMEDIATELY AFTER the bear (6:03) BUT
At 6:07 you draw 36 weeks from the low at the END of the white ascending wedge 36 weeks AFTER the bear (5:22)
Do you have a video addressing this?
Basically Feb 2020 (5:02) vs Sept 2023 (5:22) lows
Hey macavailli,
Great question. I didn't make it very clear in the video but I was measuring from the low that comes after the high that breaks above the ascending wedge resistance.
I know that's a mouthful but in Feb 2020 after the high (indicated by the blue circle), the lowest we went that cycle from that point onward was the low that came immediately afterwards. In April 2024 I drew a similar comparison to the high before the halving, measuring 36 weeks from the low that came after that (like how I measured 36 weeks from the low in 2020).
Again I did a poor job of pointing that out. Sorry
I stupidly purchased Litecoin around 93$ thinking it was going to finally catch up with bitcoin was elated when it climbed above 100$ and saddened when it just cratered back to the 70’s been stuck ever since every time I get close to break even it rejects. I think we may get a relief in July we have that big conference that month hoping Litecoin wakes up then we’re running out of time and risk missing the bull market if that happnes before we get to 200$ we’re looking at a price of around 20-30$ for the bear market which is a multi year low
Sorry to hear that mate. It wasn't stupid to purchase at $93, you've definitely bought at a cheaper price than most. Hopefully it returns to a price above that soon. I honestly think it will have a year from now.
@@iwanbundaman I have made more trading it as margin collateral for bitcoin and Ether than I have lost so its not a complete stinker but I would have preferred to hold ETH or BTC I think at this point in the cycle, especially since all of my payout have been in LTC.
Glad to hear you could put it to good use. All of your payouts are in LTC? Is that from a company or are you mining to nicehash?
Despite the financial struggles my family and I faced, everything is finally falling into place!
Weekly earnings and wealth of $47,000. I will always praise the Lord!!!