Litecoinhalving2019
Litecoin Bullish Scenarios for Summer 2019$LTC should remain quite bullish throughout the summer leading up to #TheLitecoinHalving2019, on Aug 6, 2019. Since the bottom of this recent #bearcycle, #litecoin has had repeating monthly cycles of +35% and +65%. I expect this same pattern to repeat itself thru The Halving.
$BTC could still see a pullback under $7k. If it does, this litecoin #bullrally could stall out while traders protect their #bitcoin positions.
If Bitcoin remains bullish throughout the summer, litecoin will follow suit. If Bitcoin has a #parabolicbreakout, we could expect to see litecoin retest #alltimehigh prices leading up to the halving date.
Bullish Scenario 1 Bullish Scenario 2 Parabolic Bullish Scenario
End of May = $98-$106 End of May = $105-$118 End of May = $110-$130
End of June = $108-122 End of May = $125-$145 End of May = $150-$195
End of July = $125-$150 End of July = $150-$175 End of July = $225-$275
We could/should also expect to see up to a 50-61% fib retracement post-halving, just because, that's what the market does.
I will update this idea weekly through the end of the Litecoin Halving
