Litecoin LTC - New bull market! The downtrend from 2018 is over.

28 Jul 2022

• In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
  
• On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
  
• As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
  
• The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
  
• This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
  
• I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
  
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