bullish

Litecoin

2024

Verge

<ul> 
 <li><strong>CEO of TWC suggests LTC may have completed a multi-year fourth wave triangle, signaling potential market shifts.</strong></li> 
 <li><strong>Increasing Litecoin on-chain volume and transactions hint at growing market activity despite small traders capitulating.</strong></li> 
</ul>  
<p>In a recent remark, CEO of TWC Christopher Inks <a href="https://twitter.com/TXWestCapital/status/1829358649019363542">stated</a> that he expects severe blowback for his current analysis on Litecoin (LTC). Inks stated that Litecoin’s whole life cycle chart may have recently completed a multi-year fourth wave triangle, a pattern he has hypothesized about for several years.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">I'm about to get so much hate for posting this, but the full life cycle <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> chart looks like it may have just completed a multi-year fourth wave triangle. This is something I've been talking about was likely in progress for a few years now but I have never seen a <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a>… <a href="https://t.co/fFhiQWueTJ">pic.twitter.com/fFhiQWueTJ</a></p> 
 <p>— Christopher Inks (@TXWestCapital) <a href="https://twitter.com/TXWestCapital/status/1829358649019363542?ref_src=twsrc%5Etfw">August 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-new-litecoin-chart-backs-inks-s-theory-but-doubts-remain-strong"><strong>New Litecoin Chart Backs Inks’s Theory, But Doubts Remain&nbsp;</strong></h2> 
<p>However, he admitted that, until recently, he had never seen a <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/litecoin-shows-v-shape-recovery-a-closer-look/">Litecoin</a></span> chart that went back far enough to confirm his theory. This recent discovery has offered significant evidence to support his analysis, while he concedes that the final verdict is still questionable.</p> 
<p>At the time of writing, Litecoin is trading at around <strong>$65.51</strong>, up<span style="color: #008000;"><strong> 5.44%</strong></span> over the last 24 hours. This increase in pricing has boosted its market cap to roughly $4.908 billion. This remarkable performance has pushed Litecoin into the top five gainers of the day, fuelling continuous speculation about its future trajectory.</p> 
<div class="cryptoboxes" id="mcw-435419" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="litecoin" data-symbol="LTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>Previously, CNF <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/small-traders-jumping-ship-is-litecoin-poised-for-turning-bullish/">noted</a></span> that smaller traders are beginning to capitulate, which could indicate a bullish reversal for Litecoin as impatience rises among smaller investors. 
<p>The rapid liquidation of a net 45,200 wallets, each holding between 0.1 and 1 LTC, indicates that these little traders are now giving up, perhaps clearing the way for a greater price surge.</p> 
<p>Furthermore, we were <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/litecoins-on-chain-volume-soars-412-million-ltc-moved-in-a-week/">reporting</a></span> approximately a week ago that Litecoin’s on-chain volume had more than doubled, with over 412 million LTC transferred in a single week, totaling $26.5 billion in value.</p> 
<p>Litecoin has also completed 62 million transactions in just seven months, and it is on track to exceed the total amount of transactions recorded last year.</p>

Is Litecoin on the Verge of a Major Bullish Reversal? Take a Look

Table of Contents

Crypto News Flash

Other articles published on Aug 31, 2024

Here’s How Bitcoin’s Price Can Surge to $81K Soon, According to Senior Bloomberg Strategist

Memecoin Trader Makes $10M from $1.2K in 3 Days with TRON BULL

Crypto Hack Incidents Cause Damage Over $300 Million in August

The Best Meme Coin on Presale MoonBag Raises Above $4 Million as Mega Dice Spikes 45% and PEPU’s...

Anthropic CEO says future of AI is a hive-mind with a corporate structure

Qubetics Whitelist Opportunity Draws Attention Amid Cosmos Expansion & BCH Growth

Join our free newsletter for daily crypto updates!