LitecoinLong
Litecoin Gaussian Distribution channel; a bullish indication
The Litecoin weekly chart has had two times when the Gaussian Distribution channel has turned from red to green. On 2/29/16 it turned green and the LTC price was $3.18. LTC went up for the next 22 months to $370.78, a 116.6 fold gain.
Recently the channel has turned green again. If we take yesterday's low price at $71.15 and assume this next move will move up about 45% of the 116.6 fold move in the last bull market, then this move could be about a 52.5 fold move say again in about 22 months. LTC could be about $3700 by June 2021.
Recently the channel has turned green again. If we take yesterday's low price at $71.15 and assume this next move will move up about 45% of the 116.6 fold move in the last bull market, then this move could be about a 52.5 fold move say again in about 22 months. LTC could be about $3700 by June 2021.
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