Pricing LRC vs ETH makes the most sense for now. As LRC becomes multi-chain this chart could become less important.
This pitchrok is drawn to early, but may give some guidance on how the price might move.
If Loopring starts to claim it's seat in essential ethereum scaling it can do quite well. However if it falls behind this pitchfork will probably find itself useless.
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We have blast off.
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(posted this in the comments accidentally so re-posting it here).
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The elliot wave is a sketch, i'm not following those rules closely.
Looks like LRC could actually break it's ATH vs ETH. But first we work on this purple line. which is from the 3rd largest peak on this chart historically (see main post).
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BTC and ETH took a break, which stopped LRC in it's tracks. It also had just gone up 8x vs ETH so it needs a moment to cool off.
Depending on how the rest of the market moves, I can see LRC coming back down a bit more to test previous supports. But the market has started to realized the potential of LRC and when you consider the future roll of the protocol, it could do another 8x from here with another few months. I expect once EVM compatibility is built is when LRC will really take off.