Not using the log chart for once we can see that the a long term downtrend for litecoin has broken with the formation of a recent descending scallop. Great entry point for longs. Linking my log chart which consists of symmetrical triangles.
@Moonsie, mid term like 80? maybe.. top of the symmetrical triangle in my other analysis, will most likely lead to a breakout though to the upside
Bixley
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@Moonsie, Not sure about your time frames like what long, mid term means 2 u, might vary for me
UnknownUnicorn788630
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@Bixley, Lets say target for the next 5 weeks or so and the next 6 months. (So 1.5 months and 6 months).
Bixley
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@Moonsie, next 5 weeks id say like 65 however we may see a period of accumulation at this level, and 6 months i'd say 80. But of course these are just guesses, by a human, myself.
UnknownUnicorn788630
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@Bixley, I see. I used to have similar targets, but for some reason I see 90-100 being possible within the next 5 weeks, followed by 6 months of consolidation/accumulation at a lower level, and then the beginning of breakout (first target would be around 320 within 3 months of initial breakout, then rise to 1K and beyond in the summer or late fall of 2021).