elegant_joylin

2021 Outlook - Litecoin (LTC)

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
Sharing forecast.

Best estimate
The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170.

Conservative estimate
It's the Compounded Annual Growth Rate ( CAGR ) of 199.25%.
This is computed as: Closing Price x (1 + CAGR )
= $124.69 x ( 1 + 199.25%) = $373.14


Worst estimate
Worst case scenario if ever is the $25 area.

If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price.
If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price.
Risk reward ratio seems attractive at 4.54.

Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.

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