Mimblewimble & Litecoin's Textbook T.A. launch Trigger

2022년 5월 15일

Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away.

We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be entering this trade. I believe this swing trade is reaching the ideal entry zone, due to an almost identical bottoming pattern that we have witnessed.

We have seen a very similar pattern highlighted by the Orange and Green circles.

>>> The Orange Circle highlights the break out of the multi-year declining resistance line. This is followed by an around 30% decline in the ratio, in a short period of time.

>>> The Green Circle highlights the bottom area, from where the LTCBTC ratio finds support on the declining resistance line. This was followed by a large move to the upside in the 2017 example. This is a textbook trading signal of a reversal.

I believe their is a 5-7x potential return on this trade. Ratios can even fluctuate in sideways markets, this makes this ratio trade particularly attractive in this volatile environment. Potential to profit on the LTCBTC ratio 5-7x, plus the predicted rally in Bitcoin over the next year (30->150k?).

2022년 5월 23일

노트

Another day bringing LTCBTC closer to the reversal. Bullish momentum is underway.

2022년 6월 13일

노트

Think with this crash, combined with Litecoin getting removed from exchanges. The downward momentum makes this crypto unattractive.