Forwarded from AlanBKK ๐ฆด
๐ฉ#Litecoin Ready to Take-Off,..
๐ Depends on what will happen with Bitcoin, but better to be ready with Litecoin which will be one of the first Alts to react if BTC were to leave its range by the North.
๐ Correlation Between #Bitcoin and #Litecoin:
๐นBTC and LTC go up & down completely randomly.
๐นLTC lags behind the equivalent of 70% of its value, to return to the same level of BTC.
๐ Take-Profit Targets for #LTCUSD:
๐น TP1 $165
๐น TP2 $199
๐น TP3 $240
๐น TP4 $273
๐น TP5 $329
๐ Depends on what will happen with Bitcoin, but better to be ready with Litecoin which will be one of the first Alts to react if BTC were to leave its range by the North.
๐ Correlation Between #Bitcoin and #Litecoin:
๐นBTC and LTC go up & down completely randomly.
๐นLTC lags behind the equivalent of 70% of its value, to return to the same level of BTC.
๐ Take-Profit Targets for #LTCUSD:
๐น TP1 $165
๐น TP2 $199
๐น TP3 $240
๐น TP4 $273
๐น TP5 $329
Power Crypto Club
๐ฉ#Litecoin Ready to Take-Off,.. ๐ Depends on what will happen with Bitcoin, but better to be ready with Litecoin which will be one of the first Alts to react if BTC were to leave its range by the North. ๐ Correlation Between #Bitcoin and #Litecoin: ๐นBTCโฆ
Power Crypto Club
๐ฅ It's not big surprise to see #Litecoin follow closely behind #Bitcoin ๐ #LTCUSD Take-Profit Target: โซ๏ธBuy Entry on 30/07: $140 ๐นTP3: $240 โ
+71.43% /102-day
UPDATE: This is a mistake because Litecoin has never even exceeded $300. Sorry for this wrong information, everyone.
โโโโโโโ
๐ #Litecoin Hits the last target with this strong second impulsive wave, and successfully generates +135% profit. Trade closed.
๐ #LTCUSD Take-Profit Target:
โซ๏ธBuy Entry on 30/07: $140
๐นTP5: $329 โ +135.00% /102-day ๐
โโโโโโโ
๐ #Litecoin Hits the last target with this strong second impulsive wave, and successfully generates +135% profit. Trade closed.
๐ #LTCUSD Take-Profit Target:
โซ๏ธBuy Entry on 30/07: $140
๐นTP5: $329 โ +135.00% /102-day ๐
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โก๏ธThe #Litecoin Foundation is a community organization committed to the development and adoption of #Litecoin globally. With $LTC you can receive and send instant payments all over the world! Learn more at http://Litecoin-Foundation.org
โก๏ธAfter two years of development, #Litecoin has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network.
โก๏ธAfter two years of development, #Litecoin has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network.
๐
#Litecoin was created by Charlie Lee from a copy of #Bitcoin's source code (as opposed to forking it from the #Bitcoin blockchain) which makes #Litecoin an entirely new blockchain without a shared genesis block.
๐As $LTC has always been correlated to $BTC movements, just be ready when $BTC will take-off...
CMC Rank #20
๐As $LTC has always been correlated to $BTC movements, just be ready when $BTC will take-off...
CMC Rank #20
Power Crypto Club
๐
$LTC Testing 6-Month-Old Downtrend Resistance, Breakout To Come...
๐
#Litecoin $133 Remains a Reliable First Target ๐
โซ๏ธ6-month-old downtrend resistance broken
โซ๏ธ9-consecutive-daily-green-candle
โซ๏ธPrice between EMA50 & EMA100
โซ๏ธ+22% /27-day (since my signal)
โซ๏ธCMC Rank #20
๐ฉ$LTC #LTCUSD
๐นBuy Entry > $102
๐นTP1 > $133
๐นTP2 > $157
๐นTP3 > $179
โซ๏ธ6-month-old downtrend resistance broken
โซ๏ธ9-consecutive-daily-green-candle
โซ๏ธPrice between EMA50 & EMA100
โซ๏ธ+22% /27-day (since my signal)
โซ๏ธCMC Rank #20
๐ฉ$LTC #LTCUSD
๐นBuy Entry > $102
๐นTP1 > $133
๐นTP2 > $157
๐นTP3 > $179
Power Crypto Club
๐
#Litecoin $133 Remains a Reliable First Target ๐ โซ๏ธ6-month-old downtrend resistance broken โซ๏ธ9-consecutive-daily-green-candle โซ๏ธPrice between EMA50 & EMA100 โซ๏ธ+22% /27-day (since my signal) โซ๏ธCMC Rank #20 ๐ฉ$LTC #LTCUSD ๐นBuy Entry > $102 ๐นTP1 > $133 ๐นTP2โฆ
๐ "The Prince & Princess of Alts"
$LTC and $ETC, the first 2 #Hardforks of $BTC (2011) and $ETH (2016) respectively, are assets that have always been highly correlated, with $ETC often lag the trend of $ETH.
It's for this reason that I always kept an eye out after these 2 precious Alts (for me) which are ranked #19 for #Litecoin, and #29 for #EthereumClassic which last year generated me nice gains (x8) during its quick pump over $180.
TAs: #LTCUSD & #ETCUSD TF. 4-h
$LTC and $ETC, the first 2 #Hardforks of $BTC (2011) and $ETH (2016) respectively, are assets that have always been highly correlated, with $ETC often lag the trend of $ETH.
It's for this reason that I always kept an eye out after these 2 precious Alts (for me) which are ranked #19 for #Litecoin, and #29 for #EthereumClassic which last year generated me nice gains (x8) during its quick pump over $180.
TAs: #LTCUSD & #ETCUSD TF. 4-h
โจLayer-1 & Layer-2 Blockchain Scaling Solutions
For blockchains to compete with legacy payments processors, they need to be able to process high volumes of transactions quickly, at a low cost.
โซ๏ธWhy is Scalability Important?
The main goal of scalability is to increase transaction speed (faster finality) and transaction throughput (higher transactions per second) without sacrificing decentralization or security.
โซ๏ธThere are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. ๐๐
1๏ธโฃ LAYER-1
It's a network that acts as infrastructure for other applications, protocols, and networks to build on top of. A public decentralized layer-1 network's primary characteristic is its consensus mechanism.
๐น#Bitcoin
๐น#LItecoin
๐น#Algorand
๐น#Cardano
๐น#Hedera
๐น#Solana
๐น#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2๏ธโฃ LAYER-2
It refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major crypto networks.
๐น#Polygon
๐น#Arbitrum
๐น#Loopring
๐น#ImmutableX
๐น#xDaiChain
โซ๏ธLayer-1 vs Layer-2 Key Differences
The main difference between layer-1 vs layer-2 scalability solutions lies in their role and focus on the blockchain. ๐๐๐
๐ Layer-1 is here to improve the blockchain architecture, while layer-2 is here to build third-party networks on top of the main blockchain.
๐ Layer-1 can provide the most effective solution in large-scale protocol upgrades. However, using this method also means that the validator must be convinced to accept changes via a hard fork.
๐ Layer-2 provides a faster way to increase scalability. However, users can potentially lose the level of security of the original blockchain due to the use of third parties.
โซ๏ธConclusion
๐๐ปLayer-1 and layer-2 are just two sides of the same scaling solution. Therefore, they have a strategy designed to make the blockchain network faster and more accommodating for a rapidly growing user base.
๐๐ปThese strategies also do not outperform each other, and many blockchain networks are exploring combinations of layer-1 and layer-2 scaling solutions on blockchains to achieve increased scalability without compromising security or adequate decentralization.
For blockchains to compete with legacy payments processors, they need to be able to process high volumes of transactions quickly, at a low cost.
โซ๏ธWhy is Scalability Important?
The main goal of scalability is to increase transaction speed (faster finality) and transaction throughput (higher transactions per second) without sacrificing decentralization or security.
โซ๏ธThere are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. ๐๐
1๏ธโฃ LAYER-1
It's a network that acts as infrastructure for other applications, protocols, and networks to build on top of. A public decentralized layer-1 network's primary characteristic is its consensus mechanism.
๐น#Bitcoin
๐น#LItecoin
๐น#Algorand
๐น#Cardano
๐น#Hedera
๐น#Solana
๐น#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.
2๏ธโฃ LAYER-2
It refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major crypto networks.
๐น#Polygon
๐น#Arbitrum
๐น#Loopring
๐น#ImmutableX
๐น#xDaiChain
โซ๏ธLayer-1 vs Layer-2 Key Differences
The main difference between layer-1 vs layer-2 scalability solutions lies in their role and focus on the blockchain. ๐๐๐
๐ Layer-1 is here to improve the blockchain architecture, while layer-2 is here to build third-party networks on top of the main blockchain.
๐ Layer-1 can provide the most effective solution in large-scale protocol upgrades. However, using this method also means that the validator must be convinced to accept changes via a hard fork.
๐ Layer-2 provides a faster way to increase scalability. However, users can potentially lose the level of security of the original blockchain due to the use of third parties.
โซ๏ธConclusion
๐๐ปLayer-1 and layer-2 are just two sides of the same scaling solution. Therefore, they have a strategy designed to make the blockchain network faster and more accommodating for a rapidly growing user base.
๐๐ปThese strategies also do not outperform each other, and many blockchain networks are exploring combinations of layer-1 and layer-2 scaling solutions on blockchains to achieve increased scalability without compromising security or adequate decentralization.