LTCUSD (Litecoin) – Week 26 – New low?
Greyscale Capital acquired almost 8,500 Litecoin to their crypto investing portfolio on Wednesday. The investing business has also been stockpiling Litecoin over the last week. They bought slightly over 15k Litecoin in the previous seven days and added another 15k to their position in the last 30 days.
With so many blockchains on the market today, there is a growing demand for cross-chain interoperability. While there are a number of projects in the works, Wanchain stands out. Wanchain's interoperability solution is leagues ahead of competitor ecosystems, having just incorporated Litecoin into its cross-chain environment.
Technically, Litecoin made a new low in this structure on Tuesday. After that, the pair moved higher and respected the red trendline marked on the chart, before reversing and continuing the big downtrend. We give a high probability for the move to continue and retest the low created. However, we advise caution, if there is a spike that breaks the red trendline and the price stays above, we can see a move to the upside starting from here.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
With so many blockchains on the market today, there is a growing demand for cross-chain interoperability. While there are a number of projects in the works, Wanchain stands out. Wanchain's interoperability solution is leagues ahead of competitor ecosystems, having just incorporated Litecoin into its cross-chain environment.
Technically, Litecoin made a new low in this structure on Tuesday. After that, the pair moved higher and respected the red trendline marked on the chart, before reversing and continuing the big downtrend. We give a high probability for the move to continue and retest the low created. However, we advise caution, if there is a spike that breaks the red trendline and the price stays above, we can see a move to the upside starting from here.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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