1 Litecoin could soon be worth more than 1 EthereumLTCETH has traded outside of the Boundaries of a 4 year wide Falling Wedge Pattern after giving us 3 distinct waves to the downside within the wedge and Bullishly Diverging on each wave down. Now we can see LTC breaking above the moving averages on major timeframes where it can now begin to make 3 major pushes up.
Given the nature of how Altcoin Pairs work in regard to the coins' actual USD Value this chart implies that in time; either ETH's USD Value will be coming down towards Litecoin's Price or that Litecoin's Value will be coming up towards and eventually above ETH's Price.
My bet is mostly on ETH's Marketcap losing serious Domiannce
and money flowing into other altcoin with Litecoin having the most potential.
Ltcmarketcap
LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.