LTCN About To Print Millionaires
Updated
Hello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there.
This is just my opinion, none of this should be considered financial advice in any way.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there.
This is just my opinion, none of this should be considered financial advice in any way.
Note
Hello again folks. Everything is looking like its on track. I am still looking for $28-30 before any major resistance. It could most definitely and easily spike up to $35 on a fomo wick. I think if there is some selling that will happen at these levels with the traders not really the investors. I believe that it will recover quite rapidly as we also get deeper into the actual crypto bull run then off to the races.Note
We're still on track. My prediction for this cycle top is between $1500 and $2000. I also think Litecoin will reach 10k this bull run in an extremely short period of time. LTCN is going to follow. Note
If we break below we still get to the same place just a couple months later. This is a possibility but that would mean the entire market is in for a pullback. Lots of euphoria and greed right now so be careful, this market can make moves so fast that it'll make you physically ill if you're not ready for it. Either way long term we're this new asset class called crypto is going to absorb all the junk money in the world. Thats 1 quadrillion dollars. Thats 1000 trillion dollars. This is just my opinion not financial advice.Note
I have a feeling that we might have a quick spike down. It just seems like things are still overheated. Litecoin may also go to 60 and Bitcoin would dump to 45-50. Dont know what would make this happen but maybe some bad news or some sort of baby black swan. This may not happen but I just want people to be aware that this is possible. I have some buys down in that area it would be a killer buy the dip opportunity. It wont be there long at all maybe half a day if it does happen. Then straight back up. Note
My target low if it does happen is 5.50 on the dot.Trade active
LTCN is now gearing up for the parabolic move. If we get above $28.50 on the daily and close above then a straight shot to the next resistance at $95 hang out there for a few and then right up to $200. This looks ready for liftoff in my honest opinion. This is a new chart I just made
Note
Grayscale selling ETH and ETC and buying ALOOT more Litecoin Note
Im letting it ride. At least another 100% gain from here to about $100 before any sort of pullback I think. Note
LTCN is super bullish. Lets look at BCHG for example. BCHG is only 200% away from its previous all time high. LTCN is over 1000% to its all time high. You can see where BCHG went it went up to the bottom of the first correction after the first peak. That would translate to $200 on LTCN. Thats probably where LTCN is going from here before any significant pullback. Keep an eye on what BCHG does here because that could also indicate what LTCN does once it reaches that level. I think LTCN could come down really fast for a 50% correction once it hits $200 before continuing to break the previous high, so keep that in mind and dont get shaken out. Good luck out there my friends. None of this is financial advice. Note
LTCN looks to be finding some decent new support here at $40. If this breaks then the next support is around $36. LTCN looks to be getting bought up at any dip. Could be a swipe down but Im not sure it will. Markets are kinda neutral right now. Keep an eye on the broader market. If bad news comes out and the market drops then you can bet LTCN will correct too. Maybe not as hard but at least $36 could hit $28. Longer term though this thing is going to break the previous high. My main targets of breaking the high are still active. The stupid 50% dumps along the way will happen to get there. Note
Also something to note is that LTCN hasn't really hit any resistance and there is no prior resistance until the $100 area. Usually we dont see a big pullback in between support and resistance zones in a bullish move up until the resistance is hit.Note
This is a new chart I made today with analysis.
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