As users cast DRC-20 standard Tokens on the Dogecoin chain, the number of daily transactions on the Dogecoin chain soared to an all-time high of 650k, surpassing Bitcoin and Litecoin at one point. The speculative heat of BRC-20 has gradually spread to POW blockchains such as Litcoin and Dogecoin.
https://twitter.com/mishaboar/status/1657923671371948034
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https://twitter.com/mishaboar/status/1657923671371948034
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Structure
• Still trading inside a falling wedge since early May
• Price is hovering near mid-channel with a possible retest of demand zone below $85
Upside Levels
→ $112 = breakout target if wedge top flips
→ $130 = next major resistance from March range
Downside Watch
→ Lose $84 = possible drop toward $73 support
→ Wedge base near $63 could catch deeper flush
Summary
Price coiling inside the wedge — move coming soon, bulls need to defend the mid-zone.
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Wedge Structure Meets Historic Demand
• Clean downtrend channel tightening above key support zone at $73.46
• Litecoin hovering inside falling wedge — compression building
• Major liquidity levels below, but bulls defending structure
If Bulls Step In
→ Breakout confirmation: $106.40
→ Extended target: $139.86
→ Breakdown invalidation: close below $62.53
Setup Insight
LTC sitting at a decision point — if bulls trigger the wedge break, range opens wide.
Summary
High-timeframe compression + wedge = explosive potential — LTC worth the watch.
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