I haven´t done an LTC prediction yet, but just looking at the chart I notice a few things:
1. Rising wedge which is a bearish sign in the end, but still has a lot more growth potential. It breaks very late, around 100 USD, where the top will probably be.
2. The volume decreases but the price increases => Bulltrend will probably break at some point
3. Bearish divergence in RSI
All those 3 things point to LTC being short to medium term bullish, but I would be careful staying in LTC until after the rising wedge timeline.
But until then it will probably be a fun ride :)
LTC will rise when BTC rises, and will fall when BTC falls, they are coupled. However, I think BTC will resume the rally after the segwit drama,
so that LTC can also rise.
1. Rising wedge which is a bearish sign in the end, but still has a lot more growth potential. It breaks very late, around 100 USD, where the top will probably be.
2. The volume decreases but the price increases => Bulltrend will probably break at some point
3. Bearish divergence in RSI
All those 3 things point to LTC being short to medium term bullish, but I would be careful staying in LTC until after the rising wedge timeline.
But until then it will probably be a fun ride :)
LTC will rise when BTC rises, and will fall when BTC falls, they are coupled. However, I think BTC will resume the rally after the segwit drama,
so that LTC can also rise.