LTC/USDT : 2 major factors that makes LTC ready for new ATH
LTCUSDTHello everyone 😃
There are two important factors that makes LTC extreme bullish for next month !
1️⃣ LTC has formed a rare bullish pattern that it confirms 230% growth based on LIVERMORE's SPECULATIVE CHART.
2️⃣ There is a repetition on LTC/BTC pair which is currently on bullish phase.
As we mentioned on our last analysis about BTC and ALTs; this month will be great opportunity and now LTC is one the coins that have enough potential to over perform BTC...
1️⃣ LTC has formed a rare bullish pattern that it confirms 230% growth based on LIVERMORE's SPECULATIVE CHART.
Recently we recognize that LTC movement is so similar to LIVERMORE's cylinder pattern; Now we passed the accumulation points and next point will be at profit zone !
So now; What is LIVERMORE's CYLINDER PATTERN ?
Jesse Livermore was a speculative trader who based his investing decisions on the price action rather than on the stocks fundamentals.
Jesse was from the first halve of the 1900s where the market participants of the day had little understanding of the fundamentals.
Their investing philosophy was gambling oriented and they simply speculated on price increases.
📌 Based on LIVERMORE's chart; LTC will have 3 more highs in incoming months.
However LIVERMORE's chart was based on traded volume but we can calculate the average direction of it !
2️⃣ There is a repetition on LTC/BTC pair which is currently on bullish phase.
On monthly timeframe; LTC/BTC have a same scale of movement on 2017 !
Last time that BTC underperformed LTC pair rallied up to 580% in 3 months...
Now BTC is underperforming LTC again !
We expect another aggressive push in next month on this pair and so; We might see same result on USDT's pair.
Hope you enjoyed our analysis about LTC's possible new ATH🙌
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