• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Exchange Binance To Launch Prepaid Card In This South American Country
litecoin Adam and Eve
Advertisement

“Technically Flawless” Litecoin Could Lead To “Biblical” Bullish Move

Tony Spilotro by Tony Spilotro
1 year ago
in Litecoin
0
Advertisement

Litecoin price is up nearly 10% in the last 24 hours, but the recovery might only have just begun. That is if a “technically flawless” chart pattern is valid, and resolves to the upside.

The pattern has taken years to form, and it could result in a move of “biblical proportions.”

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

Litecoin Forms Technically Flawless Adam And Eve Double Bottom

The speculative nature of cryptocurrencies like Bitcoin and Ethereum causes their price action to adhere to traditional technical analysis patterns fairly well. When movements are less extreme, patterns reliably form. After they resolve that tens to change and cryptocurrencies go parabolic.

Related Reading | Litecoin Lights Up Twitter With Verified Blue Tick Badge

For example, after a sideways channel in 2017, Litecoin exploded from $4 to more than $400 in roughly 250 days. The reason being is that resolutions in crypto lead to extreme sentiment changes and FOMO can ensue. After more than four years since then, however, LTC holders are praying to anything holy that the altcoin rises from the dead.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

litecoin

An Adam and Eve double bottom couldn't be more clear | Source: LTCUSD on TradingView.com

A technically flawless chart pattern called an Adam and Eve double bottom could be the salvation Litecoin needs. According to the pattern, after a breakout from a resistance line and completed retest, the cryptocurrency called digital silver should see a move of biblical proportions.

Another Chart Pattern Could Suggest Accumulation, Ascent To Heavens

Another, less-clear pattern could also be brewing in the altcoin once ranked in the top ten cryptocurrencies by market cap. If this one is valid, called a Livermore Accumulation Cylinder, a return to those ranks is likely.

litecoin accumulation cylinder

Could a Livermore Accumulation Cylinder be forming in LTC? | Source: LTCUSD on TradingView.com

The pattern popularized by market wizard Jesse Livermore, suggests that very special assets are accumulated in broadening wedge-shape pattern. After bouncing around several times, demand overwhelms any available supply and a lack of sellers sends prices catapulting higher.

Related Reading | This New Partnership Will Allow Litecoin Users To Checkout At One Of The Largest U.S. Retailers

A massive move results, and what is left on the price chart is a mountain worthy of worship. Getting out near the top is necessary to preserve any returns, or else any holders of the altcoin could end up stuck waiting another four years or then some for the cycle to happen all over again.

Interestingly, the Massachusetts born day trader, despite his success, died by suicide and with more liabilities than assets due to the fallout of the economic crash of 1929. Iconic career trader Peter Brandt claims Livermore was able to call the top in Apple stocks from his grave.

#Litecoin has the most technically flawless chart pattern I've seen. We should see a move of biblical proportions now that the retest is completed. pic.twitter.com/hj6Jea4Vyf

— Tony "The Bull" Spilotro (@tonyspilotroBTC) August 13, 2021

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

Related Posts

Litecoin Adoption Accelerates, Outpaces Ethereum In Total Addresses

Litecoin Adoption Accelerates, Outpaces Ethereum In Total Addresses

6 days ago
Litecoin

Litecoin Hashrate At New All-Time High, Good Sign For Price?

2 weeks ago
Litecoin

Litecoin Bearish Signal: Whale Deposits $37.4M In LTC To Binance

2 months ago
Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017

2 months ago
Litecoin

Litecoin Surges 9% In 24 Hours, Takes Spot As 12th Largest Crypto

2 months ago
Litecoin

Litecoin Rockets Up 21% In Last 24 Hours, Flips Shiba Inu In Market Cap

2 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Binance Coin (BNB) Trading Volume Pumps By $7 Million While...

    9 hours ago
  • Polkadot (DOT) sees 5% Growth, why Cardano (ADA) and...

    10 hours ago
  • More than a trillion dollars moved in Litecoin (LTC)...

    10 hours ago
  • Moralis has revealed the integration of Web3 API with Aptos...

    11 hours ago
  • Is Aptos (APT), Solana (SOL), or Snowfall Protocol (SNW)...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.