Crypt0Jack

Can LTC be used to estimate when BTC will hit prior ATH?

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This chart shows both BTCUSD and LTCUSD across the exact same time period. It shows both the last BTC "cycle" up to where we stand today.

Why should you care:
Back in 2017, LTC consolidated in its symmetrical triangle until the bitter end, where it then exploded to the upside. At the same time of LTC's breakout, BTC was attacking its prior ATH . This chart speculates to the possibility that these two events occur simultaneously AGAIN for this current BTC macro cycle. If accurate, it would suggest LTC will continue to consolidate and then break to the upside at the same time BTC is attacking its prior ATH ($20k this time). This could be somewhere in late Q4 '20 to Q1 '21.

Interesting correlation that I will keep an eye on.

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
Follow me on each of my platforms to keep up to date:

http://www.Twitch.tv/Crypt0Jack (Streaming live 3 times a week)
https://www.Twitter.com/@TTVCrypt0Jack
http://www.tradingview.com/u/Crypt0Jack/...

Comments

Very good idea!
Reply
yes i like this one ;)
Reply
The possibility to break through this blue box is given, thanks for sharing it.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out