MatthewDixon

WXY completed correction for #LTC

Genuine hopes for a #LTC rebound now.
That does look like a completed Flat correction from the local high 3,3,5 - as in abc, abc, 12345
That should equate to the end of the current move down.
OR, if you label the last leg as 3 waves (which is possible) then we have WXY completed and the same result - a push higher coming

#LTC is sat right on long term support now and its critical that these levels hold for the Bullish case to remain.
I do hope we see a bounce from here for the sake of overall market health as much as anything, as I do not trade this asset any more

#LTC is sat right on long term support now and its critical that these levels hold for the Bullish case to remain.
I do hope we see a bounce from here for the sake of overall market health as much as anything, as I do not trade this asset any more

I don't see a major negative $Zcash specific event
In fact, recent news around #Zcash has generally been positive:
Development continues around quantum-resistant wallet technology and governance upgrades.
Reports of a Zcash network outage were largely attributed to explorer/reporting issues rather than a protocol failure.
The broader privacy-coin narrative has actually strengthened over the past year, attracting renewed investor attention.
Remember, #ZEC had an enormous run from late 2025 into 2026, at one point outperforming most of the crypto market. Assets that rise that quickly often exper

DESPITE visible weakness compared to other assets, #LTC has a serious chance of a decent bounce.
Its just that other assets will likely bounce harder

While I think $LTC can certainly rally hard if #alt season returns,
The real question in my mind is, why own #LTC instead of #SOL, #HYPE, #BTC, or another asset?
More of a cyclical trading vehicle than a long-term conviction investment imo.
Short-term, expect one more low is more likely than not.
Medium-term, a significant bounce from the $35-$45 area is likely if the broader crypto cycle remains intact.
Long-term, I expect LTC continues to UNDERPERFORM the strongest crypto networks unless a new narrative emerges.
Looking at the weekly chart, I would say the probability of LTC going lower is

We now have price confirmation on #LTC that the area in the pink box was indeed a Bear Flag as indicated and though we may now get a modest correction higher is is virtually certain that the $LTC low for this cycle is not in yet - still projected for probably Oct this year at the bottom of the #BTC cycle

Hey, check this out!
👀#NEAR Protocol NEAR $2.863 +10.10%
This is what I have been talking about these last days.
Asset selection is key

MOST #cryptos are useless and will eventually go to zero - but "dont throw the baby out with the bath water" there are uses which will transform the way we do business for the better
Digital Money (#Bitcoin's Core Use Case)
#Stablecoins (Probably the Biggest Real-World Success)
Decentralized Trading
#Tokenization of Real Assets (#RWA)
Settlement Infrastructure
Digital Ownership
Transparent Auditing
The current downturn is just part of the cycle. We are 50% from the ATH and thats NOT unusual

MOST #cryptos are useless and will eventually go to zero - but "dont throw the baby out with the bath water" there are uses which will transform the way we do business for the better
Digital Money (Bitcoin's Core Use Case)
Stablecoins (Probably the Biggest Real-World Success)
Decentralized Trading
Tokenization of Real Assets (RWA)
Settlement Infrastructure
Digital Ownership
Transparent Auditing
The current downturn is just part of the cycle. We are 50% from the ATH and thats NOT unusual

Another stand out is #NEAR mentioned positively a few days ago.
$NEAR up 4% so far today against a market in the RED.
I cant stress enough that if you want to build a proper LONG portfolio of #Crypto assets then there is no substitute for proper DD.
Hype & Hopium dont cut it

SEEKING SAFETY ??
$Hype is the BIG stand out recently.
It is following more of a stock market tragectory, precisely because it has real earnings which is a rarity in the #Crypto world.
If you have been doing "value" analysis then #Hype will have been among your holdings.
I may do a thread on #Crypto assets that REALLY earn as they shine during difficult times - similar to Consumer Staples, Healthcare & Utilities in the stock market as people consume them even in economic downturns.

No surprise here.
We fully expected #LTC to head down from the Bear Flag formation.
The only observation I can make that MAY throw a more positive light (short term) is that the move down from the flag LOOKS corrective in nature and so could be categorised as B wave - If so, we may soon get C wave higher, likely taking $LTC above the flag formation AND THEN the final impulse down later this year imo

Why Iran is likely the bigger short-term driver than Saylor #BTC sales
I mentioned a few days ago that there is more "bad" news top come - The $BTC chart is clear that we have been correcting higher since the FEB low and we need a further low.
When Bitcoin dropped below $73k recently, the selloff coincided with:
U.S. strikes on Iranian targets,
renewed Middle East escalation,
oil moving higher,
risk assets selling off globally,
nearly $1 billion in #crypto liquidations.
Why the Saylor news matters psychologically
The actual sale was tiny:
Strategy sold only 32 BTC $2.5 million
while still hold

As we can see from the comparative performance with some major #Crypto, $ICP is making a very strong showing today.
#ICP has been a favourite of late because of all the reasons mentioned in previous posts
Also we can see a base is forming, beginning with a potential leading diagonal before a sharper impulsive looking move up
However, holding support is critical at this stage, so caution is still warranted despite the many positives.

Could it be that #BTC wave 1 (red) is not yet quite complete?
It is for this reason that I believe it is better to wait for more clarity than risk taking a position at present