Looking at the trading volumes, one gets the impression that everyone is only trading BTCUSDT, or everyone is just interested in what is going on with the price of Bitcoin.
Well, here are our thoughts:
But capital is gradually flowing into altcoins, which in turn are also drawing global reversal patterns.
Cryptocurrency GMT forecast
Cryptocurrency GMT is currently in the liquid zone of accumulation of positions.
A reversal double bottom is likely to form.
The minimum goal of working out this pattern in the area of $2.4, and this is not little, not much – x3.5-4 from the current purchase zone of $0.56-0.8.
Cryptocurrency LTC forecast
While the Bitcoin price was close to renewing the 2022 low, the LTC price stopped its decline 20% above the June 2022 low.
Looking at the trading chart of the price of LTC, it can be assumed that there is currently an accumulation of a long position in the range of $50-65
The result of such accumulation can be a shot of the price of Litecoin to at least $96, and in the best result to $136