Ltcusdlong
Common Bullish Advancement StructureAIONUSD and LTCUSD are both sharing a similar bullish advancement structure.
This is a common one for Litecoin with a similar pattern appearing before the massive move to ~300 in 2017
I will link the chart below
I have seen this structure across many coins, a good sign?
More Litecoin LTCUSD / LTCBTCLTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong
LTCUSD IDEASo my previous litecoin chart played out. We hit the yellow trend line.
We're currently sitting just underneath it and inside a rising channel.
2 potential scenarios that can play out drawn with the red arrows
I am leaning towards a retest of 157 before a continued move up.
Let me know what you think.
Will link my previous LTC chart below