Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
What is Litecoin (LTC)?
Litecoin (LTC) is one of the pioneer cryptocurrencies that debuted in the crypto space after Bitcoin. LTC was launched in 2011 as Bitcoin-inspired crypto. Litecoin’s creator Charlie Lee calls it a “coin that is silver to Bitcoin’s gold”. Just like Bitcoin, the Litecoin blockchain also operates on the proof-of-work (PoW) consensus
Bitcoin and Litecoin have key differences in their supply cap, hashing algorithm, and transaction speed. LTC has a fixed supply cap of 84 million which is greater than Bitcoin’s 21 million supply cap. Unlike Bitcoin’s SHA-26 hashing algorithm, Litecoin uses the Scrypt algorithm. It takes around 2.5 minutes for a block to be generated on the Litecoin blockchain whereas it would take 10 minutes on Bitcoin.
#LTC
LTC is making this descending triangle pattern which is a bearish pattern currently we are bouncing from the lower support of this pattern IMO In LTC we will some sidewise moves till it does make a breakout or breakdown.
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section.
That's a great idea! In the current state of market, this asset is not the easiest to predict but you explained it pretty well. Thank you very much for posting!
fire_flare
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And regarding this technical analysis, wow, so it can either go up or down, no third option, very impressive
I think i want to start my career in technical analysis, btc, eth, bnb, and the other crypto will either break up or break down, stay tuned
fire_flare
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Also, the comments section is off in any signal, and the only available options for feedback are positive emoji, not even sad or angry faces are available to show that we had a loss, or are not satisfied
fire_flare
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Your premium channel is very inactive, in a month there is only a few signals, no updates, you only brag if the signal goes as you predicted, never talk about the losses. You beg for new premium subscribers, but offer no contents, not even "stay tuned". I am unfortunate to have subscribed to your premium channel. Lost 159 usd to subscribe, and generated about 500 usd in losses listening to your advices