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shelby3
Aug 1, 2019 11:26 AM

LTC/USD to double-bottom soon Short

Litecoin / U.S. dollarBitstamp

Description

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.
Comments
shelby3
Looking also at the BTC/USD chart for the same boxes, there’s another interpretation, which is that the double bottom occurred already for Bitcoin. And so we should be bullish now.
Bullandbeartrading
Great boxes buddy,
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