Litecoin/dollar Multi-Year Breakout; Expansion to 4-digits
The idea is simple.
There are numerous converging tailwinds that suggest LTC/USD faces a radical repricing event in the weeks ahead. Not all data points have been listed here (see chrisoncrypto.com or my pinned post on X for more).
Typically, LTC/USD experiences a drawdown post-halving, but that drawdown is historically temporary, and precedes the coin's bull-market move. Halving dates have not been added to this chart, I invite you to check them out though. Instead, we draw attention to a curious cyclical pattern that tends to lift-off around the 44-day threshold since the crypto's launch on Bitfinex.
Curiously, on-balance volumes did not deteriorate significantly during the bear market either, and have in fact held up amidst a bout of accumulation between the $60-$100 level.
The multi-year symmetrical triangle measured move offers a price-target of around $2,200-$4,200. If it sounds implausible, imagine if it was a 5-minute chart.
Another bundle of data points, which have been significantly trimmed in order to adequately show price-expansion targets is the Master Network Value Model; which uses several on-chain metrics such as total addresses, tx counts, hashing power and others to project fair value.
For more info, feel free to follow along on X. @chrisoncrypto1
There are numerous converging tailwinds that suggest LTC/USD faces a radical repricing event in the weeks ahead. Not all data points have been listed here (see chrisoncrypto.com or my pinned post on X for more).
Typically, LTC/USD experiences a drawdown post-halving, but that drawdown is historically temporary, and precedes the coin's bull-market move. Halving dates have not been added to this chart, I invite you to check them out though. Instead, we draw attention to a curious cyclical pattern that tends to lift-off around the 44-day threshold since the crypto's launch on Bitfinex.
Curiously, on-balance volumes did not deteriorate significantly during the bear market either, and have in fact held up amidst a bout of accumulation between the $60-$100 level.
The multi-year symmetrical triangle measured move offers a price-target of around $2,200-$4,200. If it sounds implausible, imagine if it was a 5-minute chart.
Another bundle of data points, which have been significantly trimmed in order to adequately show price-expansion targets is the Master Network Value Model; which uses several on-chain metrics such as total addresses, tx counts, hashing power and others to project fair value.
For more info, feel free to follow along on X. @chrisoncrypto1