shelby3

LTC/USD to double-bottom soon

Short
BITSTAMP:LTCUSD   Litecoin
Probably rise to $104ish before declining into the Aug. 5 halving. The $104 target is due to some complex reasoning comprising several other charts which I can’t easily insert here. My main point is the potential double-bottom ahead. Note I expect BTC/USD to top out $10,600ish and decline to $8100ish. LTC/BTC is now very bullish until 0.016. Meaning LTC is about to go on a tear while BTC consolidates. Then will likely revert to BTC asserting dominance again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.