One of the few cryptos I support, LTC market cap is roughly 4 billion. Lets do the math.... ((Target price / current price) * current market cap) = roughly 100 billion. Litecoin @ 1500 is possible and if the industry grows at the current rate, its likely we will see Litecoins market cap at 100 billion which will put price roughly around $1500
Price will mimic early 2019 before breaking higher into new ATHs in 2020. From current price, we should slowly continue higher till around 9800 when price should reverse downward. Price will then re-test lower support (X) before re-testing upper resistance (Y) Price will continue consolidation before a full breakout (Z) Projected 50 day Moving Average will...
After mapping every major support, resistance, and trend line, I used impulse wave theory on-top of a fib extension to conclude the next target is 14,000. Bitcoin is known to mirror its previous trends and in this case, its mirroring wave theory.
Consolidation into a bullish flag, could break lower or higher, but greater trend with more support is to the upside. If price breaks lower, BTFD because it should pivot fast
Blue: M1 money stock. Contains liquid assets unlike M2 Black: S&P500 being artificially propped up by the federal reserve and its "large scale asset purchases" aka money printer. Fed pumped the same amount from 84 to 08 and 08 till now. Entire market is a bubble. Feds experiment is going to pop. Buy Bitcoin
Bitcoin trades in almost perfect waves and based off of this fact, I can confidently say that wave two is about to start, if it already hasn't. Block reward gets halved in mid May 2020 which should help propel us above its former all time high around 20,000
Earlier this year, Litecoin (LTC) was by far, one of the best performers in the crypto space. It yielded +400% returns in the first half of 2019, out performing bitcoin and the market as a whole. Starting in early July, things took a turn for the worse and LTC lost over half its value settling in the $58 range. Looking at the long term trend of LTC, we can see...
Simple, yet to the point. Bitcoin trading in perfect wave cycles.
Chart is self explanatory. Everyone needs a speculative crapshoot on Bitcoin.
Man, that sell off hurt... or did it? For the new traders, I hope you didn't panic sell... cause if you did, it may have been a huge mistake. Learning to sit on your hands will prove to be extremely beneficial.. trust me. With that being said; Bitcoin continues to astound me. The technicals are almost too perfect. If I was a traditional investor, Bitcoin would...
Bearish Case: Throughout this year, almost every Alt Coin has under performed Bitcoin. Some pulled out of the gate very strong, but most have sold off all, but some of their gains. With the ICO craze over, many people are emptying their alt coin bags and buying BTC. Bad publicity and lawsuits have plagued the alt coin market, although most are useful, a select few...
Bullish Case: Judging by the total market cap in Alt-coins, id say its trading relatively strong. Many new projects, coins, and capital have entered the market within the last year. Although not every alt-coin is valuable and many are subject to hyperinflation, there is still many great contenders with solid use cases. Judging the alt market in general, I think...
Just for fun and something to watch. Recessions in Grey
Hey guys. Ill keep it short as always. I have a feeling this gold rally is just getting started... There has been talk of an upcoming global recession and negative interest rates are becoming a regular. Negative rates are also negatively correlated with the price of gold which is bullish for bullion. We will probably see allot of speculative buying because of the...
Hey, ill keep it short and sweet. Saudi Arabia took a 5.7 million barrel a day production loss after an attack on one of its largest oil fields. Law of supply and demand... price goes up.
Hey, ill keep it short and to the point. Bitcoin has been allot less volatile the last few weeks which is a sign of consolidation. As we addressed before, we are in a correction with a break higher probable in the near future. Looks to me as if we are in the last stages of the correction. I plan on going long/buying where previous support held strong within the...
Hey, so in this chart I decided to forecast the pivot where the correction ends and another wave starts. I decided to plot resistance, support then choose (in my opinion) the three most likely routes price may take, then choose one as the most probable. NO GO Prediction 1 (Green): Although possible, this path is unlikely due to a lack of trend support and a...
Whatup guys, to be completely honest... Im not in the mood to type haha The chart is self explanatory, but ill lay out the basics. So LTC just had its block reward halved not to long ago. Although most of the markets attention is on Bitcoin, Litecoin is another I like to keep an eye on. Just like Bitcoin, Litecoin has a limited supply which in my opinion, makes it...