Litecoin will likely hit 2-10k by end of the year depending on how well BTC performs. 2k being on the more conservative side, and 10k being on the more bullish side. The bear trend will likely end once quarter 2 begins (April). If you haven't realized by now... Litecoin doesn't have that many major rallies left until it breaks 10k based on the rate of growth. From the current data there are only 3-4 rallies left until 10k is hit and broken. If major rallies occur every 3-6 months we are looking at LTC to break 10k within 18 months. Feel free to convince me otherwise... also the shit coins are a distraction some are good though. The death cross doesn't apply to BTC. Throughout the whole down trend there has been accumulation going on, and it shouldn't be long in my opinion for us to see trend reversal for Bitcoin and Litecoin. Remember Bitcoin leads the market if it's trend is bullish, the market is bullish. If it's trend is bearish the market is bearish.
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Was missing a lower trend line for the bear trend. Added it over here:
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Double bottom around 116. April is in 2 days things should look up as quarter 2 starts.
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Quarterly Charts
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No death cross yet. It is very close to diverting. I believe it will as we start quarter 2. But I could be wrong and the market could go to ZERO like everyone is autistically screeching. Fucks sake people. If you don't believe in CRYPTO leave the market. Don't fill up social media with garbage perma bear shit. Tell me again how a market that grown so much in 1 year is bearish in the long run... b/c it is not. You don't just experience a growth rate like this without it being real. Longs will win. Just a matter of time.
Think of the price action as Litecoin and Bitcoin testing old trend lines to see if demand exists in those ranges before moving up. Sellers are slowly drying up, and order book is thinning for LTC.
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We must be bold when others are afraid. This is a huge discount for Litecoin compared to where it will be in the long run.
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Big BTC pattern. Every 3 bottoms a 280% move from previous peak. This year BTC will hit 72k at some point. This means very very very good things for LTC. Patience.
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For the record institutional investors are loving all this panic.
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For record keeping.
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ohhh nooooohh.. its dead guys. its all dead. lol. jk. Have faith in the market you tools.
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All in due time. The LTC/BTC quarterly chart has been setting up for a break of the 0.02-0.025 peg for the past 3 quarters.
Nice to see you back MertB. I initially used to read your comments on r/litecoinmarkets but noticed you have not posted there in a long time. I dont blame you either :)
You state that during the entire down trend there has been accumulation taking place. Is there an indicator that provides insight into this taking place? I agree that the big composite operators are in fact accumulating. I'm trying to find ways to see how much they are in fact accumulating and get an idea of when their bags are full and start to unload.
i_am_noone
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@jayweez, Ye. OBV trends up while price trends down/sideways = accumulation.
jayweez
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@MertB, Thanks! Appreciate the knowledge and help. I always look forward to your insight and your method of analysis.
Enjoyed your posts during the bull run, but playing field looks to have changed. Meaning the Tide. This is still Bear Market and looks to be strengthening. Any counter claims as to why its not? Not calling out, just looking for debate. Why so bullish?
i_am_noone
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@CryptoKid26, None of the fundamentals have changed. Support after every rally keeps becoming higher. Last time it was 33, this time it was 100 next time it will be 420.
tammy007
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i read the numbers 5 times now but cant believe my eyes...can you confirm that you just said LTC will hit 10k MINIMUM?
i_am_noone
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@tammy007, Yes. All in due time. This is the year Litecoin breaks 1k, and then goes much higher. All I am saying is that it is very likely that the price of Litecoin hits anywhere between 2 to 10k before the end of the year. Last year my end of the year target was 100+ and it went to 420 surprising even me. It could go full on 2x parabolic like BTC if Litecoin's supply keeps getting accumulated at this rate.