Hello crypto community. I think Litecoin will consolidate breaking to a new all time high in 2020. By the end of 2021 we should see moon if you zoom out and use the Fibonacci extensions to follow the long term trend.
Litecoin its just a matter of months until we see a new all time high. Consolidation after the last bear market lasted over twelve months. So if you zoom all the way out on the chart and add the Fibonacci extensions you will see a 1500-2300 litecoin on the next bull run. Patience
So if you take the Fibonacci extension from the December low of around $20 to the high of June at around 140s to the current pullback at the .618 level of $63s, you will have a nice run up into the end of the year to around the 1.618 extension around the $250 LTC/USD per coin.
Good luck and happy trading!
Hello Litecoin fans. Per my chart above LTC is still on track to break highs. So if the chart pattern repeats, it will have a nice top in March 2019.
Then Litecoin will have a period of consolidation before it can re-break March's highs. I don't expect the consolidation period to be as long as in 2016 since there is a lot more interest in crypto-currency space...
Litecoin - I have removed all of my indicators and zoomed all the way out on a weekly log chart with all the data available to view. Litecoin looks like its following the same pattern as in the last bear market in 2015. See the path to victory and think long term as the trend is up. Looks like the bear market could last for a few more months then we will probably...
I have applied the trend based fib extension from the low 34 to the high 420 then measured the retracement back to 49.
When LTC last spiked in 2017 it hit the top extension. So assuming it does that again. +1600