LTCUSDT: Huge Potential on this
2024-12-25
Category: None

A Cyclic check on LTC's last boom implicates a truly huge growth potential.

Since making it out of the the symmetrical triangle in 2017 so far,  2,738 days has been passed.

The channelized price movement shows a steady build up of consecutive Higher Lows as shown by little green upward arrows. This represents a healthy ecosystem regarding its applicability and public interest.

I estimate the growth potential for LTC to be about 1 K by late March. Compared to BTC, the LTCBTC abrupt is going to surprise many. I have already created a post on LTCBTC and only of an ETF is approved Litecoin can reach for the middle of the second channel somewhere around 7 - 8K. 

Previously, by breaking up out of the symmetrical triangle in 2017, it took only 273 days for LTC to grow from 4 USD to some 400. This time though, I expect an elongated growth in between 18 to 24 months aiming 7K target.

The growth in Gold and Bitcoin Price is an indicator for a fundamentally healthy currency like Litecoin, denoting that the parabola has just been started.

Keep in mind that there are only 84 Millions of LTC and do not forget that just like its previous movement from 4 - 100 USD, a rational, wise and visionary investor cannot ignore Litecoin.

By the way, you need to scrutinize these arguments and find Correlations peered to facts.
There is difference between fortunetelling, forecasting and Futurology.   

The volume seems suspicions of some serious plans that the whales might have for it. 

DYOR. Not a financial advice. 
