Predicting the alt season beginning based on the LTC:BTC ratio
The LTC:BTC ratio peaked all time high was Nov 2013 at 0.05299 which coincided with that bull market peak. In the ensuing bear market ABC correction, the LTC:BTC ratio fell to 0.00070 in Aug 2016. The bull market in BTC and LTC then really got going with LTC outperforming BTC. The LTC:BTC ratio rose to 0.0250 in Feb 2018.
A bear market in the ratio has been ongoing since then. The ratio rose from Dec 2018 to Apr 2019 but has been falling since then in a C wave. The ratio is now 0.007586 and looks to be in subwave (3). I think the end of subwave (5) and wave C could be in Oct 2017 at about 0.00432 in the ratio. BTC could rise to $20,000 by then and LTC could be about $86, still stuck in this $80 to $100 range. I also believe the green support line since Oct 2013 could provide support in Oct 2017 to end the ABC correction and start a new bullish impulse wave.
Speculating that the alt season could begin when BTC reaches $20,000 perhaps as soon as Oct 2019, the LTC:BTC ratio could follow the symmetrical triangle up in the next bullish impulse wave. Subwave (1) could end at the red resistance line; subwave (2) could end at the support line in Oct 2020, then subwave (3) could break the triangle resistance. Subwave (4) could end about Oct 2021 and subwave (5) could end at about LTC:BTC ratio of 0.06770. If BTC is $250,000 by then, LTC could be near $17,000. The BTC:LTC ratio would be about 15:1, still far short of Bix Weir's 4:1 fantasy. Perhaps in 2026 Bix's fantasy will come true.
A bear market in the ratio has been ongoing since then. The ratio rose from Dec 2018 to Apr 2019 but has been falling since then in a C wave. The ratio is now 0.007586 and looks to be in subwave (3). I think the end of subwave (5) and wave C could be in Oct 2017 at about 0.00432 in the ratio. BTC could rise to $20,000 by then and LTC could be about $86, still stuck in this $80 to $100 range. I also believe the green support line since Oct 2013 could provide support in Oct 2017 to end the ABC correction and start a new bullish impulse wave.
Speculating that the alt season could begin when BTC reaches $20,000 perhaps as soon as Oct 2019, the LTC:BTC ratio could follow the symmetrical triangle up in the next bullish impulse wave. Subwave (1) could end at the red resistance line; subwave (2) could end at the support line in Oct 2020, then subwave (3) could break the triangle resistance. Subwave (4) could end about Oct 2021 and subwave (5) could end at about LTC:BTC ratio of 0.06770. If BTC is $250,000 by then, LTC could be near $17,000. The BTC:LTC ratio would be about 15:1, still far short of Bix Weir's 4:1 fantasy. Perhaps in 2026 Bix's fantasy will come true.