Let's zoom out a bit, shall we? Let's take a look at the World of Litecoin.
Wedges within wedges within wedges...
This is not TA
Experts should probably avoid this post as it may be hard to resist scrutinizing me for pointing out the obvious
For TA fans - Here is Bulkowski's Ascending Broadening Wedge: thepatternsite.com/abw.html
It took 329 days for LTC to move from $5(usd) to $38
and then
217 days for LTC to move from $38 to (roughly) $400
This image is just a glimpse of Litecoin with the chart pulled down dressed with an optimistic outlook, but it may very well summarize an undeniable pattern of social behavior (adoption) in the coming years.
{P.S.
In the big picture, we might still be in the 'visionary' stage of (mass) adoption. Once the idea of decentralized money actually sinks in, Litecoin (and others) will likely (continue to) see historic rates of growth.}
Wedges within wedges within wedges...
This is not TA
Experts should probably avoid this post as it may be hard to resist scrutinizing me for pointing out the obvious
For TA fans - Here is Bulkowski's Ascending Broadening Wedge: thepatternsite.com/abw.html
It took 329 days for LTC to move from $5(usd) to $38
and then
217 days for LTC to move from $38 to (roughly) $400
This image is just a glimpse of Litecoin with the chart pulled down dressed with an optimistic outlook, but it may very well summarize an undeniable pattern of social behavior (adoption) in the coming years.
{P.S.
In the big picture, we might still be in the 'visionary' stage of (mass) adoption. Once the idea of decentralized money actually sinks in, Litecoin (and others) will likely (continue to) see historic rates of growth.}