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LITECOIN / TETHER Standard Futures

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LTCUSDT.PS trade ideas

🔥 Litecoin Halving Soon: Pump & Dump?The Litecoin halving is around the corner. In a couple of months we will see the rewards per block halved, substantially decreasing the supply of Litecoin. If you're familiar with BTC halvings, LTC works the same. Historically, LTC has seen an increase in demand to front-run the halving event. The last time this happened, it was a buy the rumor - sell the news event. I'm anticipating the same thing this time as well. My expectation is that LTC will see some kind of pump over the next couple of weeks towards the blue target area. This will most likely also be the 2023 top. Do you think LTC will still pump? Share your thoughts🙏
Long
by FieryTrading
4
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price bounced off of support trendline (blue line in chart) and 200-day moving average, and broke back above $90 resistance. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline), and price could revisit $100-$105 resistance zone where it got rejected 3x. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high. Trend : Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke, then $105.
Long
by altFINS