LTCUSD has returned to its long-term trendlines after some consolidation around $140.
I believe that if the buying interest in crypto continues over the next few months, we could see a test of the ATH sometime between late March (where the middle of the trendlines meet the ATH) or early May (where the bottom trendline crosses $420).
The first fail scenario would...
I believe that ETHUSD will either have a correction back within the trendlines established since Summer 2017 or stagnate until it's within those trendlines. Stagnation would require ETHUSD to trade flatish for 3 months. Therefore, that is the least likely outcome.
We saw this happen with LTCUSD last month (attached idea).
Possible test of...
LTC is showing the signs of a bull flag on its daily chart.
I expect an upswing in the short term assuming BTC doesn't drag it down.
Target is $310 to $400
LTC has fallen along side BTC over the last few days and is now within its long-term trendlines.
I expect LTC to close below $270 today and continue its downward fall, possibly rediscovering $100 before 2018 and rebounding.
However, since LTC (and other altcoins) are influenced by BTC's movements, don't be surprised if LTC continues to fall past $100 in the short-term.
LTC looks to test the upper trend line that I have, so I expect it to move back towards 150 over the few days.
The overall trend is bullish, with $200 probably being the biggest obstacle ahead.
I do not have a lot confidence in my lower trend line as of yet. I think it needs to test it again first.
Gold is making a run towards the 0.382 extension level on Trump fears. Breaking that level, I can see a retest of 1294 in the summer, but only if uncertainty in the US' political future continues.
