Notice in 2013 LTC went from under a dollar to tens of dollars ($50 approximate high) in a few months. Then in 2017 LTC went from about $4 to $370 in few months.
I've drawn the long term trendlines on the chart showing support and resistance for LTC from 2013 until now. Almost all price action has remained within these trendlines.
Notice there was a run up in 2013 to the top of the trendline followed by a 2014 bear market. Then there was a runup pre-halvening in 2015 from about $1 to $9. Post halvening LTC stayed in a range largely between $3 and $5 for the next year and a half. In March 2017 after hitting the bottom long term trendline, LTC rocketed up from about $4 to $370 in 9 months.
What followed was the 2018 bear market. Then this year there was a runup pre-halvening from about $22 to $146. Post halvening LTC has dropped. I am predicting LTC will once again be range bound for the next year to year and a half to about the end of 2020 probably between $60 and $120. I suspect LTC will once again hit the bottom of the long term trendline about the end of 2020. I expect then LTC will rocket up from about $95 to thousands of dollars in 2021.
I've drawn the long term trendlines on the chart showing support and resistance for LTC from 2013 until now. Almost all price action has remained within these trendlines.
Notice there was a run up in 2013 to the top of the trendline followed by a 2014 bear market. Then there was a runup pre-halvening in 2015 from about $1 to $9. Post halvening LTC stayed in a range largely between $3 and $5 for the next year and a half. In March 2017 after hitting the bottom long term trendline, LTC rocketed up from about $4 to $370 in 9 months.
What followed was the 2018 bear market. Then this year there was a runup pre-halvening from about $22 to $146. Post halvening LTC has dropped. I am predicting LTC will once again be range bound for the next year to year and a half to about the end of 2020 probably between $60 and $120. I suspect LTC will once again hit the bottom of the long term trendline about the end of 2020. I expect then LTC will rocket up from about $95 to thousands of dollars in 2021.