This Litecoin Fractal Says Time Is Running Out To Accumulate At Low Prices

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Litecoin as a cryptocurrency has a long lifespan, digital scarcity, and a code exactly like Bitcoin’s. However, the altcoin’s reputation has been so tarnished that it has long lagged the rest of the market after being the once clear market leader.

There are increasing signs that this could soon be reversed, and according to a fractal from previous market cycles, time is running out for the silver to accumulate to bitcoin as digital gold at such low prices.

Digital silver ready to glow after several years of rest

When it comes to precious metals, the conversation might focus on gold, but silver is always a part of it. In crypto, Bitcoin is definitely stealing the limelight, but its Ethereum, Chainlink, and an army of DeFi tokens are generating interest and excitement. Meanwhile, the digital version of silver is mostly sitting out.

Litecoin has been popular during past bull markets, but this one – not so much. Whether it was because the asset’s founder sold the top of the last rally to his followers or because it has barely moved since it was halved, Litecoin has stayed in the dark.

Related reading | Five reasons why Litecoin is shiny again

The tech is lighting up again, however, and it seems like things are about to change for Litecoin. Grayscale Investments has topped up the altcoin, and time is running out of buying some of these so cheaply, according to a fractal from last cycle shared by a high-precision cryptanalyst.

The overlay of previous Litecoin price actions over the current cycle leads to shocking results Source: LTCUSD on TradingView.com

Before writing fractals as a fallacy, the same analyst predicted that with a similar setup, the Bitcoin bull run would go from the $ 10,000 breakout to beyond. The trajectory brings each Litecoin to a few thousand dollars.

Litecoin Breaking Against Bitcoin Will Drive Dollar Rise

To make matters more interesting, another well-respected cryptanalyst joined the conversation that suddenly took place over Litecoin. They shared a chart highlighting the bitcoin trading pair of the altcoin, which lacks a breakout compared to previous cycles.

LTC is also ready to play against Bitcoin according to previous cycles Source: LTCBTC on TradingView.com

While this might seem bearish for Litecoin right away, all reversals start somewhere – and the current level seems to be where they start.

Related reading | Altcoins are bleeding after Tesla Bitcoin Buy, BTC Dominance indicates deception

Is it finally time for Litecoin to shine? Technical analysis also supports a bullish breakout. Litecoin has built a massive base structure and there is a bullish divergence on the RSI along with the MACD which is bullishly flipping. More reasons to be optimistic about Litecoin can be found here.

Featured image from deposit photos, charts from TradingView.com