Explosion to the upside is imminent for Litecoin

24 ott 2020

Examining the weekly chart there are dates where the weekly chart of Litecoin is equivalent in this bull cycle as the last bull cycle in 2015-17:

1. Bear market bottom: 1/12/15, 4/6/15 compares to 12/3/18
2. LTC pre-halving high: 7/16/15 compares to 6/17/19
3. LTC post-halving low: 3/14/16 compares to 12/16/19
4. BTC pre-halving high: 6/13/16 compares to 2/10/10
5. Long term support line low: 12/5/16 compares to 3/9/20
6. 3rd attempt at breaking resistance line high: 1/2/17 compares to 8/17/20
7. 0.618 Fib support of low to high move: 2/6/17 compares to 9/21/20
8. Approaching resistance line for 4th time: 3/20/17 compares to 10/24/20
9. Break of long term resistance line; explosive move to the upside: 3/27/17 compares to what may happen next week

You can't make this stuff up. Litecoin has a pattern it is following in this cycle very similar to what happened in the last bull cycle in 2015-17. Litecoin went from $3 to $4 in Mar 2017 to $370, an approximate 100 fold move in 9 months from March to Dec 2017. Is Litecoin about to make an explosive move to the upside again for the next 9 months or more and hit its next cycle high just like it did in Nov 2013 at $55 and Dec 2017 at $370. If it is, then the line intersecting those price points leads to $2500 Litecoin by Dec 2021.