Analysis of Altcoin - Litecoin Halving Hype & AAVE Alert
Hey GM GM,
Here’s what we’ve got for you today:
📢 Analysis of Altcoins - Part 1
🚨 Analysis of altcoins
Litecoin Halving Hype: Prepare for Supply Cut and Potential Surprises and AAVE Alert: Descending Triangle Signals Short Opportunity Amid DeFi Rally and CURVE Finance Incident!
Alright, folks, listen up!
1. The "LTC" (aka Litecoin) is gearing up for its next big event, the "Litecoin Halving." Picture this: it's like a party where the supply of Litecoins gets reduced, and everyone's eagerly waiting for the price to shoot up. But guess what? Sometimes life throws us a curveball. Instead of the expected fireworks, the price might take a dip in the short term. So, here's a pro-tip: consider building a short position for the time being.
Now, let's talk dates. The first Litecoin halving happened in 2015, then there was another one in 2019, and now, brace yourselves, the third halving is projected to go down on Wed, Aug 02, 2023, at 06:02:38 PM GMT. Mark your calendars!
Here is how it looks in weekly chart
WEEKLY SUPPORT=67.21-71.71
WEEKLY RESISTANCE=109-111.71
THE CHART ON DAILY LOOKS LIKE THIS:
TO BUILD A SCALP POSITION WE CAN SEE A SOME REACTION AT 81.55-83.14
2.AAVE
Oh, snap! AAVE, the altcoin, is up for some action! 🚀 After a DeFi rollercoaster in July, it's now forming a descending triangle. 🎢 Time to build short positions, maybe? But wait, there's more drama! 😲 CURVE finance got attacked, and that ain't good news for AAVE bears. 🐻 Keep an eye on this spicy altcoin situation!
Weekly support: 57.93-59.95
Weekly res: 75.22-77.4
The daily chart is as follows:
the possible move it follows are like this in terms of fib levels
A SCALP long can be built around 62.62 and the support lies at the weekly support level