LTC price prediction based on BTC & LTC halvings
In September 2018, i assumed that LTC would rise against BTC before LTC halving and also after the BTC rally which will happen after the BTC halving. The first has already happened, it is time to buy LTC before the next growth. Here is time to buy LTC.
For the first time halving will occur in a bear market. Soon, the price will test the 6K level again before the bullish trend starts.
At this diagram I tried to plot my forecast to the nearest halving in accordance with the lunar cycles: - vertical red lines are the new moon, - vertical green lines are the full moon. Interesting observation: the next halving falls on the full moon 2020-05-07. 8-)
Approximately in August 2022 the last Antminer S9 will be disconnected from the bitcoin network. On this date, the cost of BTC from S9 @ 0.10 / KW*h will be about 430K (@ 0.05 / KW*h ~ 215K) and the price is 250K.
Time to short bitcoin to 8-8.5 K. This price will be reached from 2020-02-17 to 2020-03-09. Then, when halving on 2020-05-07 (14-00 UTC), the cost of BTC will be 14K with a hashrate of 120 Ehash/s, the price of bitcoin in this time period will be around 15-20K.
I expect golden cross (50MA/100MA) in Dec 2019. The previous golden cross was in May 2016.
Antminer S15 is here! 2-3 monthes to price back again.
Until the end of the year we will move within the boundaries of the triangle. Dec 2019 - Jan 2020 we will break the resistance line (red).
Last time BTC cost breaks ATH price at sep 2017. Next time BTC cost breaks ATH price at jul 2021.
Here is the chart on which the cost of bitcoin is placed. HODL!
Halving is the driving force behind bitcoin's price.
I made a mistake in the last forecast: incorrect date of halving. This is a corrected forecast. Halving is the driving force behind bitcoin's price.