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Let's take a step back before we dive into charts. What is Litecoin, anyway?

May 06, 2025 at 07:07 pm

Let's take a step back before we dive into charts. What is Litecoin, anyway?

Let’s take a step back before we dive into charts.

What is Litecoin, anyway?

Often referred to as the “silver to Bitcoin’s gold,” Litecoin (LTC) was one of the earliest altcoins — created in 2011 by Charlie Lee. It was designed to be a faster, cheaper alternative to Bitcoin, with a shorter block generation time (2.5 minutes vs. 10 minutes) and a different hashing algorithm (Scrypt instead of SHA-256).

It’s not here to replace Bitcoin — it’s here to complement it. And over the years, it’s become a staple in the crypto space. Quiet, consistent, and often overlooked… until it isn’t.

Now, to the charts. That’s where things get a little more interesting.

Zooming Out – The Weekly Chart

First off, structure on the weekly timeframe? Still bullish.

But — and there’s always a but — I think we might still dip a bit before the next move up kicks in. Why? Let me show you.

There’s a strong low that was formed after sweeping liquidity to the left.

You know the type — those lows that scream “I’ve done my job, now I need to be revisited one more time before we go anywhere meaningful.”

Right above that low? A whole lot of liquidity. Traders who went long with tight stops.

People who “just knew” it wouldn’t go lower. Yeah… that crowd. Price might want to go pay them a visit before any bullish continuation.

Daily Timeframe – The Setup Is Right There

If we drop down to the daily, things line up even better.

Right now, price is sitting just under a supply zone that could act as the catalyst for a short-term move down — exactly the move that could grab that juicy liquidity below the low we talked about earlier.

I’ve seen this kind of setup play out more times than I can count.

There was a similar one on XRP months ago — same buildup, same liquidity trap, same supply zone waiting to do damage.

It played out exactly like this: grab the low, then launch. So I’m watching LTC closely right now.

One Thing You Need to Remember

Now, I’m not saying this will happen. Price doesn’t care what we think. It doesn’t care about our trendlines, our zones, or our ego.

These are just scenarios — high probability setups, not guarantees.

So be patient. Let price show its hand. Let it come to you.

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Original source:bitcoinsensus

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Other articles published on Aug 05, 2025