Litecoin - Short term and long term price movements/predictions
Good morning,
A lot going on in the chart but here's what to expect over the coming months.
As compared to the timeline from Nov '14 - Jul '15, Litecoin is in the midst of a double bottom "W" pattern. I believe we may see a move upwards to $38-$40 before we head towards another low of ~$22-$20. Once we hit this low, we should see a nice rebound. This is identified by the 200 day mark on the chart. The 200 days represents time before the last/next halving. Back in 2015, there was a nice run up within that 200 day window followed by a nice drop into the halving (8/26/2015). It appears Litecoin has similar movement so I expect a nice move upwards from March - June 2019 (~$140-$150) before a drop into the next halving in August.
Long term, Litecoin hits $3,500 = $4,600 by ~October 2021.
A lot going on in the chart but here's what to expect over the coming months.
As compared to the timeline from Nov '14 - Jul '15, Litecoin is in the midst of a double bottom "W" pattern. I believe we may see a move upwards to $38-$40 before we head towards another low of ~$22-$20. Once we hit this low, we should see a nice rebound. This is identified by the 200 day mark on the chart. The 200 days represents time before the last/next halving. Back in 2015, there was a nice run up within that 200 day window followed by a nice drop into the halving (8/26/2015). It appears Litecoin has similar movement so I expect a nice move upwards from March - June 2019 (~$140-$150) before a drop into the next halving in August.
Long term, Litecoin hits $3,500 = $4,600 by ~October 2021.