Explore financial market predictions.

DESPITE visible weakness compared to other assets, #LTC has a serious chance of a decent bounce.
Its just that other assets will likely bounce harder https://t.co/KyZ6SIeDAg

While I think $LTC can certainly rally hard if #alt season returns,
The real question in my mind is, why own #LTC instead of #SOL, #HYPE, #BTC, or another asset?

More of a cyclical trading vehicle than a long-term conviction investment imo.

Short-term, expect one more low is more likely than not.

Medium-term, a significant bounce from the $35-$45 area is likely if the broader crypto cycle remains intact.

Long-term, I expect LTC continues to UNDERPERFORM the strongest crypto networks unless a new narrative emerges.

Looking at the weekly chart, I would say the probability of LTC going lower is still slightly higher than the probability that the ultimate low is already in.

Litecoin has been making lower highs for years.
Every major rally since 2021 has failed.
The recent breakdown from the $120-$140 area was severe.
Price is now sitting just above a major support zone around $40-$45.
The worrying thing is that LTC has massively underperformed many #Crypto assets
That suggests capital is leaving LTC rather than accumulating.
Im sure many disagree but I am stating facts not spouting Hopium

We now have price confirmation on #LTC that the area in the pink box was indeed a Bear Flag as indicated and though we may now get a modest correction higher is is virtually certain that the $LTC low for this cycle is not in yet - still projected for probably Oct this year at the bottom of the #BTC cycle

A reversal higher is still very possible before the end of the month to once again confirm solid 9 year support for #LTC
The #FOMC #InterestRate setting meeting on Wednesday could well provide impetus to $LTC and the whole #Crypto market.
Its a wait and see situation imo https://t.co/e84qitifL0