LTC / USD
Coin: LTC
Entry: $92-$96
Target: $190 - $200
Target 1: 3 Wave = $130-$140 (44%)
Target 2: 5 Wave = $180 - $200 (100%)
Stop: $82.80 - $86.40
LTC is basically a cone of BTC that transacts faster and cheaper. With a supply cap of 84 million coins (4 times the mount of BTC), I believe LTC is very undervalued. The current ratio (LTC/BTC) is about 115 to 1, but in theory it could be 4/1.
I believe the future ration may be more in area of 50/1 - 20/1.
That said, I agree with Dalin, and believe LTC will make strong moves in the coming months.
Coin: LTC
Entry: $92-$96
Target: $190 - $200
Target 1: 3 Wave = $130-$140 (44%)
Target 2: 5 Wave = $180 - $200 (100%)
Stop: $82.80 - $86.40
LTC is basically a cone of BTC that transacts faster and cheaper. With a supply cap of 84 million coins (4 times the mount of BTC), I believe LTC is very undervalued. The current ratio (LTC/BTC) is about 115 to 1, but in theory it could be 4/1.
I believe the future ration may be more in area of 50/1 - 20/1.
That said, I agree with Dalin, and believe LTC will make strong moves in the coming months.
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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.