Altcoin Newsletter #130

Features chart analysis on 8 Altcoins: LINK LTC COTI DOT WOO FIL HOOK JASMY

In today’s Altcoin newsletter, I cover 8 different Altcoins, specifically:

• Litecoin (LTC)

• Chainlink (LINK)

• Coti (COTI)

• Polkadot (DOT)

• Woo Network (WOO)

• Filecoin (FIL)

• Hooked Protocol (HOOK)

• JasmyCoin (JASMY)

These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.

Let’s dive in.

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Litecoin - LTC/USD

LTC has been consolidating within this red-red range for months, despite downside and upside wicking throughout.

For LTC to culminate its pre-halving rally at new yearly highs, LTC would need to exact Step 2 and retest the Range High as new support which would enable a break beyond the orange Lower High.

And provided that Litecoin can break out from the red-red range, it’s trajectory could look something like this (green path below):

Historically, LTC has enjoyed swift ascents prior to its Halving, culminating in an upside wick into a major resistance (see pre-August 2019 rally).

And thought this current move hasn’t been as swift, there haven’t been any signs suggesting that the pre-halving rally is over; there is still scope for upside until further notice.

And a move to the next major resistance would probably be a move to the $140-$150 where upside wicking beyond the orange macro diagonal resistance could be possible to culminate the move.

After the pre-halving rally however, it’s possible that LTC will experience strong downside into a lengthy consolidation phase at the post-correction lows, post-halving.