BitcoinGuru

The Litecoin LTCBTC Road Towards the Megabull - Up to 450% Gains

Long
BITTREX:LTCBTC   Litecoin / Bitcoin
Hello All!

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This is a simple comparison comparing the LTCBTC Megabull from 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here is pretty straightforward, "History Doesn't Repeat Itself, but It Often Rhymes" and in this case we expect something on that note with LTCBTC being a great Buy/Long at 0.004100-0.003850 and if it gets there in the next few days 0.003200-0.002500 followed by a breakout sometimes around February 22-25 if timing is still a thing or similar to 2017 (green arrow). From there we would expect a strong surge and big 400-450% gain on this trade towards the previous resistance/sell/short block of 0.0200-0.0250.

Buy/Support:
0.004100-0.003850 - HIT - I loaded here already
0.003200-0.002500 - If it gets here I will load some more

Sell/Resistance:
0.0200-0.0220 - Sell 75%
0.0230-0.0250 - Sell 25%

This is a game of patience and holding folks just like our successful DOGE trade was. VIA will also be a hold.

DOGEBTC

VIABTC

Best of luck and happy trading!
Carl M.
Trade active: Litecoin $LTCBTC has settled on a nice double bottom at 0.0037-0.0035. That's why we're taking off a bit earlier. Looking forward for at least 400% in BTC gains ahead of us. She is ready, could be few hours or days but we got a nice reaction from the bottom here.

Comment: The double bottom has failed since the last update. I have revised the falling wedge to much a flatter one which makes more sense now.

A confirmed break out on LBTCBTC would occur with a tag of 0.005 anytime between March to May. Yup more patience is needed, that wedge is bloody long and extended! HODL.

Buy 0.0040-0.0034.

Comment: it's time to rocket up guys. fasten that seatbelt

Comment: Breakout ongoing. Confirmation with a hit of 0.005

Comment: LTCBTC on track albeit slowly but May is going to be the best month for ALTs!

Our take profit levels are still the same at the sell/resistances:
0.0200-0.0220 - Sell 75%
0.0230-0.0250 - Sell 25%

Related Ideas

Comments

i think LTC will need to hit a new low before it even makes any more way up..ive been bearish on LTC since the last bull run and it seems like i was right then. im still bearish becuase LTC is on a downward trend and it doesnt look like it has the muscle to get out of it.
+3 Reply
kxiong0613 kxiong0613
@kxiong0613, but most likely when LTC moves up it will be March or April. nothing going to happen in FEB.
+2 Reply
BitcoinGuru kxiong0613
@kxiong0613, it can definitely be a bit longer before it breaks up! And yes we can see the lower buy at 0.003200-0.002500 fill up. Fair points there!
+2 Reply
kxiong0613 BitcoinGuru
@BitcoinGuru, Dang..i didnt realize you have VIA too..been hodling that for years now. finally glad its moving..its a good coin from the btc family..so sad it didn't get the love like LTC. i feel like Via is finally having the str to move after 2017 Run.
Reply
Could you update us on this idea? Would be much appreciated :) Great job btw!
Reply
What do you think about 0.0345, 0.0543, 0.12 targets?
Reply
Any update?
Reply
Very good analysis, couldn't agree with this idea more. I'm starting to accumulate LTC right now myself and I can also see it going lower from here before reversing to the upside.
Reply
kxiong0613 Ravich000
@Ravich000, yup...buy more while it goes down. when LTC moves even BTC will have to GTFO of the way.
Reply
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