LTC is going to mini-moonThis is a psychological application/analysis supported by multiple charts. Both the LTC/USD daily charts to ID impulse buys AND the LTC/BTC value using the same period.....
Looking beyond the standard 4-year halving cycle, i believe there are 'mini-moons' in the (no disrespect to litecoin) 'imitator' coins. Here's the logic: What happens when the beginning of retail FOMO begins? Well, speaking from personal experience when i first began really investigating crypto (august 2020), the AVERAGE NEW USER does the following:
1. Open up a trading account (coinbase, binance, kraken, etc.).
2. Second guess themselves about buying a 'coin' trading at $35,000 USD (even a .10 amount) given that its already started its parabolic rise.
3. Maybe they do buy .1 bitcoin. But whether they have $10k or 100K, they are uneasy about buying into something that has already 3.5x'd over the past 3.5 months.......
4. But they already deposited (say) 20% of their life savings into their new account. WHAT DO THEY DO to get their feet wet????
5. They buy 50 LTC to test the water...
The above chart represents this 'mini-moon' theory well. Ultimately you get thousands of weekend warriors early pumping anything that has the word 'coin' behind it because its 50x cheaper than the coin they originally opened an account to buy, but hesitate to pull the trigger. In a month from now, once LTC runs to @ $600, the smart money will know its time to cash out and sell to the weekend warriors thinking they struck it rich 4x'ing litecoin.
Its an admitedly dog eat dog analysis, but i believe there is a mini-moon in LTC. I predict $200 LTC by 1/10/2021 and $550 by 2/28/2021. This should give smart money a nice little return and buy a little time for the sideline money while we (hope) for a good entry for the rest of our money in BTC & ETH...
I'm not a financial advisor and do not listen to me or constitute any of the above as sound advice.