• LTCUSD descending triangle more than 3/4 full • RSI bouncing from 50 • Price approaching top of triangle • Preflight checks complete, next stop $550 - 580
BTC moves over the course of a few weeks but LTC moves in 2-3 days. This is a huge opportunity setting up. LTCBTC pricing has been setting up a very strange formation the last few days but it all clicks now. The LTCBTC price is being held down for accumulation by whales.
The market cap on LTC is 13B, if it doubled it would still be well under BCH but would reclaim 5th place. It is my strong belief that we are about to see an ATH LTCBTC ratio and an ATH LTCUSD all within a few days.
Here's a slightly more conservative triangle based on wicks and also some timeframes:
tucci2001
⋅
when are you predicting LTC will reach the range of $550-580? days? weeks?
UnknownUnicorn1334944
⋅
@tucci2001, hard to say but LTC likes to move a lot very quickly. The triangle pattern will complete before January 23rd or 25th. We should either see a breakout to the upside or, potentially, downside before then.
The market cap on LTC is 13B, if it doubled it would still be well under BCH but would reclaim 5th place. It is my strong belief that we are about to see an ATH LTCBTC ratio and an ATH LTCUSD all within a few days.
Please follow me on Twitter @targetsir