If breakout happens and it manages to keep $246.15 as support we might see another ATH with a PT of $275. It's following the same path as we saw between Nov.3 - Nov. 6th (see left).
I am out of my positions for the time being. Will get back in when it hits the low 200s.
Looking at the past bull cycle, it seems like $LTC is following the exact same trajectory. I think we will see a pull back down to the $160s before we head back up again. I do think we will see ATH soon but maybe, maybe it's not the time to FOMO. We might find a very, very good entry point soon if the trajectory it's on continues. What do you think?
If it completes, we might see $212 before we trace back again. I still think we will see $LTC in $150-$160 range before it hits ATH.
$LTC forming a cup and handle on both the weekly and the daily. We might just see some parabolic movement.
Again, just looking at past trends it seems like we are due for a correction. $BTC formed a cup and handle between May and September with a price target of around $60k. The most recent ATH was $66,999. Based on past corrections, my PT for $BTC would be: PT1: $55k PT2: $49k PT3: $45k PT4: $31k I am just learning as I go so I could be totally off but that's...
It seems after each ATH there's a sharp decline in price. Looking at past trends, it seems like we are heading towards a bottom again. What do you think?
We might see a good run before this bull run is over. Hopefully.