Auf geht's
Litecoin
Long

It's Lit

Von GACXBT
Aktualisiert
This time is different
Anmerkung
First pump started this week as expected. Should reach ATH within the next 2 weeks.
Anmerkung
If we compare PA of 2017 to the PA of 2021, we could see a drop to 192$ before more upside.
Anmerkung
Too bad we're not getting that dip to add more.
Expecting LTC top in the week of 19th still.
Looking at LTC/BTC, this could be anywhere between 420-700 depending on BTC price in the coming 2 weeks. Expecting BTC to possibly top out 67k (short term). Long term BTC target still 219k minimum for this bull cycle.
Anmerkung
Nearing the end-game now. Top shoud be in between April 19-25.
Trade ist aktiv
2017 compared to 2021. PA is quite similar. Timing isn't perfect, but so far so good.
Snapshot
Anmerkung
To make it a bit more clear why I think the PA is similar.
Snapshot
Trade ist aktiv
Another way of estimating the short term top is to use the % increase/decrease in 2017.

2017 the short term top was 46% higher than the previous ATH. After this it dumped 63%. After which it eventually went up 950% at the end of the bull cycle.

Apply the same numbers on 2021 and you get;
370+46%= 542$ short term top
542-63%= 200$ short term dip
200+950%= 2100$ at the end of this bull run.
Anmerkung
LTC/BTC target sitting around 0.00677804.

Depending on BTC price, LTC short term top should be around:
61000*0.00677804 = 413.5
65000*0.00677804 = 440.6
Anmerkung
Still think we're going towards ATH, but not so sure about 60% drop after anymore. No one left to liquidate. Doesn't make sense for LTC to drop another 60% after LTC hits 420.

Will be taking profit at 420 still, just to be sure.
Trade ist aktiv
As far as this analysis worked out. I believe the recent dip means that we are even further in the bull cycle than I thought. Looking to play the following fractal instead now.

Expecting us to push towards $330, retest $300 and pump further past ATH.

Snapshot
Anmerkung
With LTC/BTC doing something like this.
Snapshot
Order storniert
Not seeing any triggers so far. This idea is finished.
Trend Analysis
GACXBT

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