Litecoin (LTC) - Comparison with previous Bull Run
Updated
Hi everyone
I checked on how did Litecoin move in the summer of 2019 when it was at current levels. As you can see there were 5 stages. We are now in stage 2. where LTC retested its support at 64.25 levels.
3. stage is a pump to 122 levels where LTC got rejected in 2019 and again dropped to re-test the 93 USD levels, this was the 4. stage.
The last stage was the TOP at 147 USD. Am I seeing this happening again? I don't know, but it is oddly similar to the situation that went on in Summer 2019.
Keep an eye on this.
I checked on how did Litecoin move in the summer of 2019 when it was at current levels. As you can see there were 5 stages. We are now in stage 2. where LTC retested its support at 64.25 levels.
3. stage is a pump to 122 levels where LTC got rejected in 2019 and again dropped to re-test the 93 USD levels, this was the 4. stage.
The last stage was the TOP at 147 USD. Am I seeing this happening again? I don't know, but it is oddly similar to the situation that went on in Summer 2019.
Keep an eye on this.
Note
Didnt go as much sideways as i thought, but so far going as planned. LTC tested the resistance at $122 and got rejected. We can also see that it had bounced of the support at around $93, now heading back towards the $122 levels.We could see a breakout and a retest of June 2019's high at $147.
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