What's up, my crypto people! 🚀 Here I bring you the hot gossip from the market, because the situation with Litecoin (LTC) is getting interesting, or maybe not so much! 😬
Look, the price of Litecoin was kind of asleep, dropping to $85.73 this morning, although it has picked up this week and rose by 6%. But what has everyone talking is a pattern on the chart called "the golden cross." ✨ And what is that? Well, to make it clear, it’s when two magical lines on the chart (the 50 and 200-week moving averages) cross in a way that historically has meant a massive price increase! 📈
My buddy Tony Severino, who is a pro in trading, dropped the bomb: he says that Litecoin is about to make its third golden cross. Can you imagine? The two previous times, in 2017 and 2021, the coin shot up like a rocket without brakes. That said, he also clarifies that these crosses activate after a good rally, so we need to stay alert. 🧐
But, watch out! Not everything is rosy. The truth is that the market is like a roller coaster due to the uncertainty of geopolitics and the economy, with the issue of U.S. tariffs having everyone on edge. If that situation gets resolved, maybe Litecoin will benefit and take off. But if not, things could get ugly. 📉
And here comes the but: it seems that Severino's analysis has a gap. Another chart shows that there was already a "golden cross" at the end of January, just when there was euphoria over Trump, but that happiness lasted less than a candy at the door of a school. Then came Trump's tariff hit in February, and bam!, the recovery stalled. 😩 There’s even a chance that a "death cross" could form (sounds bad, right!), which is the opposite and predicts further declines.
So, my dear investors, if the tariff situation improves and the Middle East calms down, Litecoin could return to $90 in a week or two and, if all goes well, even $150 for the last quarter! Let's cross our fingers. 🙏$LTC $TRUMP
