LTCUSD - Halving Cycle.
LTC also follows a halving cycle having effectively been a clone of BTC.
LTC is due to have a halving in 2023.
The previous cycle i posted the below chart which observed that LTC may lead the breakout from the cryto lows.. which it ultimately did, and retraced to and beyond the triangle breakdown in the bear market.
There is a very similar set up to the previous two cycles again this time potentially implying LTC at $125 by potentially the end of Q1 2023.
Obviously alot depends on Macro but the similarity to previous cycles is there.
LTC is due to have a halving in 2023.
The previous cycle i posted the below chart which observed that LTC may lead the breakout from the cryto lows.. which it ultimately did, and retraced to and beyond the triangle breakdown in the bear market.
There is a very similar set up to the previous two cycles again this time potentially implying LTC at $125 by potentially the end of Q1 2023.
Obviously alot depends on Macro but the similarity to previous cycles is there.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.