Litecoin broke its long term downtrend line in March 2017. It had explosive growth in price after this until it topped on Dec 19, 2017 at $370.78. End of month prices were as follows (Bitfinex prices):
Feb 2017 $3.81
Mar 2017 $7.13 87.3%
Apr 2017 $16.84 136.2%
May 2017 $24.78 47.1%
Jun 2017 $38.83 56.7%
Jul 2017 $42.11 8.4%
Aug 2017 $72.69 72.6%
Sep 2017 $55.56 -23.6%
Oct 2017 $55.55 -0.01%
Nov 2017 $85.77 54.4%
12/19/17 $370.78 332%
Dec 2017 $225.40 162.8%
Litecoin this month broke its long term downtrend line just like March 2017. Litecoin began once again today explosive growth, gaining 15%. What if Litecoin replicated its 2017 gains month by month like 2017? What prices could we expect in 2021 and where and when could it top out again?
Oct 2020 $55.75
Nov 2020 $104.42 87.3%
Dec 2020 $246.64 136.2%
Jan 2021 $362.80 47.1%
Feb 2021 $568.52 56.7%
Mar 2021 $616.27 8.4%
Apr 2021 $1063.69 72.6%
May 2021 $812.66 -23.6%
June 2021 $812.58 -0.01%
Jul 2021 $1254.62 54.4%
8/19/2021? $5419.95 332%
Aug 2021 $3297.14 162.8%
I'm not expecting 8/19/21 to be the top of this cycle and at more than $5000. It will take much more capital to move the market like LTC was moved in price in 2017 at much lower prices. However, PayPal news and institutions like Grayscale have helped to move LTC's price. I'm expecting LTC at $2000-$2500 by the end of 2021. That's where the $55 top in Nov 2013 and the $370 top in Dec 2017 meet in a straight line on a log monthly chart projection for LTC.
Feb 2017 $3.81
Mar 2017 $7.13 87.3%
Apr 2017 $16.84 136.2%
May 2017 $24.78 47.1%
Jun 2017 $38.83 56.7%
Jul 2017 $42.11 8.4%
Aug 2017 $72.69 72.6%
Sep 2017 $55.56 -23.6%
Oct 2017 $55.55 -0.01%
Nov 2017 $85.77 54.4%
12/19/17 $370.78 332%
Dec 2017 $225.40 162.8%
Litecoin this month broke its long term downtrend line just like March 2017. Litecoin began once again today explosive growth, gaining 15%. What if Litecoin replicated its 2017 gains month by month like 2017? What prices could we expect in 2021 and where and when could it top out again?
Oct 2020 $55.75
Nov 2020 $104.42 87.3%
Dec 2020 $246.64 136.2%
Jan 2021 $362.80 47.1%
Feb 2021 $568.52 56.7%
Mar 2021 $616.27 8.4%
Apr 2021 $1063.69 72.6%
May 2021 $812.66 -23.6%
June 2021 $812.58 -0.01%
Jul 2021 $1254.62 54.4%
8/19/2021? $5419.95 332%
Aug 2021 $3297.14 162.8%
I'm not expecting 8/19/21 to be the top of this cycle and at more than $5000. It will take much more capital to move the market like LTC was moved in price in 2017 at much lower prices. However, PayPal news and institutions like Grayscale have helped to move LTC's price. I'm expecting LTC at $2000-$2500 by the end of 2021. That's where the $55 top in Nov 2013 and the $370 top in Dec 2017 meet in a straight line on a log monthly chart projection for LTC.