Ok ok, we're at the beginning of a new bear market and it seems like a long shot so I'm recording this idea for fun, just to look back on in hindsight.
Don't read too much into this chart. Just though it interesting to map out a few projections based on the initial and 2013 parabolic runs. See yall at the end of 2024!
LTCUSD (Kraken) Ascending Triangle drawn from a high $38.30 (10/05) low of $17.50 (27/05) ascending to point $66 (29/07).
Price bounce off $55 psychological resistance. Expected bounce at $45 previous support. Ascending to triangle breakout, expected at ~75% range (07/07) continuation of upward trend with TP at ~$75 (~37% increase). Breakout measured against...