MAGICMARK

It's a clear triangle ... ichi cloud twist at the very end ... which typically marks a big move in direction. Sentiment on LTC has been somewhat bearish ... for sure lack of trading ... but if this moves upwards, it may spark a lot of interest. This is now a low-cap alt, but one with legacy. Doesn't take much money to move it to some much higher values. Let's see if it gets some much needed (and deserved?) attention. Not trading advice, I'm not providing financial guidance. Your money, your decisions, your risks.

The last time LTC had a false bull ... it turned out to be just wave 1 of a large impulse wave that took LTC to $400. Of course, that coincided with a BTC rise, and the much anticipated "alt-season". But go back to 2020, end of summer, and you will find a very similar pattern. If I follow this pattern, we could have a swing low to the bottom of wave 2 ... around $50 ... I'm timing the B peak and the C bottom, when the ichi cloud has a twist (see transition from green to red, or vice versa) ... then perhaps it starts to take off? Let's see if history repeats itself.This is the pattern from 2020 ...

I'm fairly convinced that LTC's future is closely tied to that of BTC. Going by historical data, LTC has posted new all time highs after BTC has done so (in the so called Alt Season). So the real question is what will BTC do? Here, I've drawn a channel, support by the ichi cloud. The halving has passed, and it seems LTC is holding up okay (so far). We are also close to a major pivot area (based on prior trade data, you can see this zone acted as support and resistance) ... so either this is where it holds, and eventually we go up, or there could be a fairly substantial downward correction happening ... but I wouldn't play that unless it breaks this channel, the cloud, and the pivot area and clearly closes below it. Not financial or trading advice. Just the little thoughts in my head. Your trades are your risks.

In 2 days we have a halving. Although prior LTC halvings have not produced all time highs ... they have spurred a local rally. This one seems to have fizzled out prematurely. But you have to ask, what was with all that volume several weeks ago that resulting in a 40% inter-day increase??? That is a lot of money, and what was the strategy there? I've identified a possible channel for the bullish scenario, and how a break to the bottom leads to a correction for LTC following the halving ... let's see. I hope there is still life in LTC. Not trading or investment advice. Trade at your own risk.

BTC Still Bullish?? I drew a "reactionary line" many, many months ago ... lower dashed blue line. I told myself I would not worry, unless it broke that line ... everything currently reacting as planned. Unless something really bad happens with the markets, I am still bullish. This is not investment advice. Your trades are your own risks.