The chart speaks for itself. This is the beginning of the massive parabolic rally for Litecoin. There is going to be massive swings on the way up so be prepared for that as people take profits thinking they know where the top is. Psychological numbers like $500, $1000, $2000 etc those may be stall points and drops but it'll quickly rebound. Once all the Bitcoin is bought up what do you think these big players are going to buy? You think they will buy all these unregistered securites or will they buy the crypto that has the green light by regulators? I think the answer here is simple. This next cycle will last longer and this target of around 10k could actually be just the first stop before going higher, I dont know. Once Litecoin enters price discovery, there is no telling where the top is. Im assuming around 10k unless it gets as much adoption as Bitcoin or close to then the price could be closer to 50k.
Call me crazy I dont care, I dont care about your market cap nonsense, or Litecoin is useless or dead, or whatever. Go elsewhere this is not the place for you. We are way ahead of your little mind, we know what is about to happen and we'll see you at the top. Bring a washcloth to clean your face
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Someone corrected me, thats supposed to be 140x and 280x. there is no way to fix the chart now. I need more coffee. But you all get the point.
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NONE OF THIS IS FINANCIAL ADVICE, JUST MY OPINION.
Although I find this idea very crazy and incredible, I have decided to buy now. If this price target is achieved, I will definitely come back to express my gratitude to you.
I noticed, based on the past, usually it takes LTC around 1 year after LTC halving to start the rally.
The last halving was in 2023 August. Before that it was 2019 August and 2015 August.
Maybe the coming rally will come sooner 🤔
Bitgolder
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@DigitalRevolutionPhase5, I think the way we view the cycles in the crypto sphere is a little off. The correlations and similarities to the past will slowly fall away. What worked before wont work again necessarily. This is a brand new asset class. We've never had an asset in human history with a fixed supply. I ask people what happens when exchanges are out of Bitcoin, just ponder that for a moment.
From this point forward I think the adoption of crypto is going to grow exponentially and we will see prices of these assets soar to numbers that not even the biggest moonboys could predict. I think that money will start to drain out of the overvalued stocks causing the stock market to dump hard later this year. That money is going to flood into Bitcoin mainly and all the other cryptos. The FOMO and blowoff tops we saw in the past rallies was a drop in the bucket compared to what is coming. Retail average Joe FOMO vs Billionaire FOMO is very different. The entire market cap of cryptos before now was equivalent to Bill Gates and a couple buddies on the weekend. I can see the crypto market cap total being 500 trillion in the next 5 years. That isnt necessarily a good thing either, that would meant that currencies around the world including USA have gone into hyper inflation.
DigitalRevolutionPhase5
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@Bitgolder, yes, I think crypto will tank Gold, and the narrative will be "because gold causes wars". Hence why they have been pushing the war narrative the past years 🙂. BTC will hit 1 mill faster than we think. We'll see bro! Should be fun