jbutler7

LTC might be tight for a while

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
This is based all on LTC's history prior to 2017's massive bull run, by examining a previous bull run.
This looks overall very similar to the previous bull run, and I only draw out what I see as a possibility, though anything can change. I don't think this one needs much explaining. Pay attention to the MACD (yellow line) showing momentum on a large time scale. Sharp rise. Sharp drop below the zero line. Slow recovery back to the middle, and stable for about 2 years. This could be quite likely. The new 3-4$ range could be anywhere between 40 and 100. I don't know what exactly what it would be, only that it could be relatively stagnant until something really goods happens to crypto, then we could see the "moon" at 1-3k or more in a few years.

This scenario is likely to play out, but also likely to be changed by a wide variety of things as well. Patience is the key.
Comment: Wow! So far so good! If this keeps up, we could see LTC at ~80 bucks before dropping to roughly 40-50 again, and staying relatively stale until shortly after the halving.
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