Long

It's Lit

By GACXBT

Updated

This time is different

Note

First pump started this week as expected. Should reach ATH within the next 2 weeks.

Note

If we compare PA of 2017 to the PA of 2021, we could see a drop to 192$ before more upside.

Note

Too bad we're not getting that dip to add more.
Expecting LTC top in the week of 19th still.
Looking at LTC/BTC, this could be anywhere between 420-700 depending on BTC price in the coming 2 weeks. Expecting BTC to possibly top out 67k (short term). Long term BTC target still 219k minimum for this bull cycle.

Note

Nearing the end-game now. Top shoud be in between April 19-25.

Trade active

2017 compared to 2021. PA is quite similar. Timing isn't perfect, but so far so good.

Note

To make it a bit more clear why I think the PA is similar.

Trade active

Another way of estimating the short term top is to use the % increase/decrease in 2017.

2017 the short term top was 46% higher than the previous ATH. After this it dumped 63%. After which it eventually went up 950% at the end of the bull cycle.

Apply the same numbers on 2021 and you get;
370+46%= 542$ short term top
542-63%= 200$ short term dip
200+950%= 2100$ at the end of this bull run.

Note

LTC/BTC target sitting around 0.00677804.

Depending on BTC price, LTC short term top should be around:
61000*0.00677804 = 413.5
65000*0.00677804 = 440.6

Note

Still think we're going towards ATH, but not so sure about 60% drop after anymore. No one left to liquidate. Doesn't make sense for LTC to drop another 60% after LTC hits 420.

Will be taking profit at 420 still, just to be sure.

Trade active

As far as this analysis worked out. I believe the recent dip means that we are even further in the bull cycle than I thought. Looking to play the following fractal instead now.

Expecting us to push towards $330, retest $300 and pump further past ATH.

Note

With LTC/BTC doing something like this.

Order cancelled

Not seeing any triggers so far. This idea is finished.

GACXBT

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