Long

Don't bet against the chicken

Updated

The blue box is where price will head to next, then potentially sooner than expected it will rocket.
LTC is BTC 1 cycle behind 1/4 the price, the UTXO confirms 70% of the circulating supply going back 3 months to over 5 years have been accumulated.

These trendlines will be important, the top ones may not hold any longer after this and the bottom may get moved up.

Litecoin 6 year channel aka Litecoin Lines

LTC/BTC has been setting up for quite a while maybe next month or march/april perhaps the longer the ratio coils the higher USD value LTC will become.

Waiting for 8/1 break out for new all time highs, quite literally any month now.

LTC/BTC has a bigger Gann Fan pattern which leads me to believe the LTC/USD breakout will be biblical when the ratio and the USD pairs break the 8/1 Gann Fan

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Comparing ETH/USD to LTC/USD

4k to ~14k range based off this as well.

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LTC/BTC Ratio "Fractal" point towards late May as the latest it can take to break out. If a 2017-2018 situation comes back into the play.

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Obviously the longer it takes for the LTC/BTC ratio and the higher BTC/USD is the more insane the big pump will be. The thing to take away from all these analysis is that there is over a 100% likely hood litecoin breaks 1000s this year.

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The GME short selling debacle has brought forth the idea of float to zoomers, boomers, and normies alike. So what is the float of BTC and LTC? The way supply is introduced in crypto is decentralized; the miners get the supply for confirming the transactions on the network by guessing the hash of the block, they exchange the supply gained for guessing the hash to cover operation costs, and that exchanged supply either gets locked up or continues to exchange hands until it is locked up. Since the blockchain is pseudo-anonymous the position of every single coin can be tracked. With this information you can literally check if whales are buying or selling.

Pro tip: You can find whale wallets through a block explorer. All the BTC and LTC being produced since the bottom in 2019 have been being accumulated. You won't see some of these wallets move coins to sell for 4-8 years at which point the price would be 100s of folds greater.

So what is the float? Going off the UTXO information BTC has a float between 1-3 million coins which is incredibly low, and LTC has a float of about 20 million coins (soon to be much lower >:D).

For comparison here are some companies with their respective floats:
GME float: ~27.29 million
TSLA float: ~759.56 million
Walmart float: ~1.38 billion

Now these companies can issue more shares if they wanted, but you cannot issue more BTC or LTC because they are in the purest form a piece of code. The protocol defined the block rewards, and the block rewards get halved every 4 years. While total supply remains fixed, the rate of which the circulating supply is introduced is halved every 4 years, and the supply that is circulating that isn't being traded is constantly accumulated. Resulting in the float of the total supply being reduced over time; this is why scarcity in it's purest form happens resulting in price to go up as there are more blocks produced, as hash rate goes up, as difficulty adjusts. It's a programmed moon. Very few things like this exist. BTC is first to market, and LTC is second to market so they should be treated as complementary goods like eggs and bacon; milk and cereal; gasoline and cars.

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Another pattern perspective

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Weekly MA(10) BBs have tighten, signaling for a move to come.

Monthly trend is up, and the new monthly opened beautifully, expect upwards movement. BTC indicating the same thing.

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Buy everything under 200, literal free money.

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BTC and LTC where created 3 years 9 months apart. BTC (3 January 2009) and LTC (7 October 2011). This chart makes BTC/USD relative to LTC/USD with price and time.

Reasoning? Since fundamentally LTC is BTC times 4, dividing BTC/USD by 4 and creating a best fit line from the top to the bottom pretty much sums up when LTC/USD breaks upwards for good. For all intends and purposes LTC should be BTC's price 3 years 9 months in the past, divided by 4. Strap the fuck in, b/c the moon is commeth.

Right now that places LTC/USD to be between 400-700.

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Over the period of the past 3 1/2 years the float of Litecoin has reduced from about 36-44 million, to roughly 20 million. In the next 4 years this will get reduced to
<7 million.

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HOLD

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BTFD

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If you aren't buying litecoin, what are you doing with your life?

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Using halving data to double check LTC being BTC/4 1 Cycle behind.
BTC

LTC

Halving #2
BTC

LTC

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300s then 700s

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Target still coming. Timing just delayed. Something like this could be coming soon. I still believe 2012/2013 is at play.

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HODL

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Either that one, or this one

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or.. this one.

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or something like this...

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700s then 1000s, buy the dip.

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It's a routine end of the month dump, mid month May price go back up. Every month this year has dumped towards the end to create the wick. If you are selling this you are an uncultured swine.

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GOING TO FUCKING MARS. HODL.

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btc/4 overlayed

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buy it. it's free money.

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Just keep adding and hodl. Maximum patience. Absolutely nothing changes.

i_am_noone

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