Can Litecoin Lead A Crypto Recovery

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Litecoin, the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum.

Check out the video.

VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022

Litecoin has gone from being a fan favorite in the 2017 bull market to being one of the most disliked coins because it is slow and laggard. The cryptocurrency is much the same as Bitcoin except it works faster.  It also enjoys regulatory acceptance allowing to on the list of major brands like PayPal – in which it is the cheapest coin on the list.

Litecoin Weekly could trigger RSI buy signal

Litecoin looks much more stable than top cryptocurrencies when you look at LMACD and the Relative Strength Indicator for weekly. Litecoin may be able to set a new high on the RSI with a bit of push. This is a buy signal according to the tool’s creator, J. Welles Wilder Jr. and in the past it started off major bull runs in LTC, especially when combined with a breakout of RSI downtrend resistance line.

We can use time cycles to see where the RSI and LMACD bottom and when price tops are at comparable points. According to Hurst cycle theory, cycles can be as much as 10% off of their original phase. A slight deviation in rhythm at the current bottom of our cycle is perfectly acceptable. Finally, LMACD has topped/bottomed at the exact same trend lines throughout all of the history of Litecoin’s price action. This is where Litecoin could find support.


Is Litecoin at its bottom? Source: BTCUSD on | Source: BTCUSD on

LTCBTC: Momentum Might Be Ready To Change In A Major Way

If we switch to LTCBTC, the LMACD monthly has been turned green. Also the RSI is now above the downtrend resistance. Similar to the USD trading pair, a higher peak could signal a buy signal. 

Similar patterns were observed in the previous cycles of this ratio. A second attempt to break out of bearish territory and cross over bullish failed, which led to further downside. As there is currently, the second attempt likely saw an increase in negative sentiment. The previous failure combined with relative underperformance next to BTC caused Litecoin holders to capitulate right before the eventual turning point – turning pointed that gave over 500% overperformance against Bitcoin.


One major change in momentum could prove to be a positive sign | Source: LTCBTC on

LTCETH – Can the Dying Altcoin beat The Merge

Litecoin’s outperformance of Ethereum makes the Merge even more attractive. Merging will increase Ethereum tokenomics’ price appreciation and make the cryptocurrency more attractive. But even LTCETH’s trading pair seems to be on the right track.


With the Merge on its horizon, can momentum change? Source: LTCETH on | Source: LTCETH on

Comparison of Coins: Bitcoin and Long-Term View

Our last chart compares Litecoin and Ethereum. However, this time we are using USD pairs side-by-side to show that Litecoin has a tendency to outperform the other assets at the end of a cryptomarket cycle. Litecoin still trails Bitcoin in terms of volume, but the movement was huge during the last market cycle, when momentum started to turn. In just two-thirds, Litecoin rose from $4 to $400 per coin within a little over a year.


Can Litecoin perform again?Source:, BTCUSD | Source: BTCUSD on

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Featured image taken from iStockPhoto. Charts taken from

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