thecardiak
@t_thecardiak
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thecardiak
1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity. 2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE) 3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile. 4) New Chart now has on chain fundamental for LTC to compare to 5) LTC is the #1 most used coin for crypto payments, it surpassed BTC in decemeber and is now more then the next 3 most used coins combined on bitpay, the largest current crypto payment provider. 6) Venmo has added LTC as a payment option This chart looks a lot like doge pre pump, almost identical actually and its fitting seeing as how DOGE is an old LTC fork
thecardiak
thecardiak
2015-2017 the wedge ran till its completion before exploding out into a new range. since 2018-2024 the current wedge is now nearly complete. Now if we take a bar chart of the 2015-2017 wedge and expand it and overlay it on the price action within the 2018-2024 wedge it lines up almost 1:1 Exciting times ahead i think
thecardiak
I believe we are getting primed to retest our bottom before ALGO has a true bullish movement. SPX is potentially at a double top from 2022 highs Evergrande bankruptcy/court ordered liquidation or restructuring final deadline is end of january (will cause a cascade of bankruptcies in its wake) Regional Bank Crisis 2.0 looks primed to resume as backstop funds dwindle the top of the 2021 market was the SEC approving the BTC ETF FUTURES the top of the current market may be the SEC approving the BTC SPOT market BTC weekly candle looks extremely bearish. This could either signal an alt season if it settled down and formed a long term flag or it could just drag the entire market down with it which seems just as reasonable
thecardiak
This chart shows the 2015-2017 price action fractaled and expanded onto the price from 2017-2023 which is nearly a 1:1 match. Above the chart shows the daily unique active users on the major competing POW networks and LTC is currently #1 even ahead of BTC now
thecardiak
Hyper bullish on this coin now 4 hour bullish gartley completed while band is retesting the breakout of its 900+ day long wedge it escaped from
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