LTC LITECOIN USD : UPDATE LITECOIN STILL ON TRACK TO $10K
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I did a chart on Litecoin a while back showing my target of 10k with many reasons fundamentally why it will happen. This chart is on the 8 month timeframe and its a pretty nicely formed bullish pennant. Whether its a pennant or a bull flag some may argue, it doesnt matter the measured move of the pole will still bring it to 10k. Sounds ambitious? Well go back and see what kind of moves Litecoin has made in the past. I believe that the hyperinflation event coming up for the USA will trigger this type of price action and not just for Litecoin but for the rest of the crypto space as a whole as people bail out of traditional markets and fiat and try to preserve their wealth while the USA resets its currency. without_worries posted a chart similar but his target is about 5k. Our reasoning is the same on why this price will be reached. This is not trading or financial advice this is just my opinion. Thank you and good luck out there.
I did a chart on Litecoin a while back showing my target of 10k with many reasons fundamentally why it will happen. This chart is on the 8 month timeframe and its a pretty nicely formed bullish pennant. Whether its a pennant or a bull flag some may argue, it doesnt matter the measured move of the pole will still bring it to 10k. Sounds ambitious? Well go back and see what kind of moves Litecoin has made in the past. I believe that the hyperinflation event coming up for the USA will trigger this type of price action and not just for Litecoin but for the rest of the crypto space as a whole as people bail out of traditional markets and fiat and try to preserve their wealth while the USA resets its currency. without_worries posted a chart similar but his target is about 5k. Our reasoning is the same on why this price will be reached. This is not trading or financial advice this is just my opinion. Thank you and good luck out there.
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