Litecoin: Seeing the Big Picture

12 Apr 2020

Litecoin goes through long periods of consolidation. From late 2015 to early 2017 LTC stayed in a $3 to $5 range primarily before it blasted off to $370 in nine months from March to Dec 2017, about a 100 fold move. I think that 100 fold move is again possible from today's prices. From late 2018 to now LTC has primarily been in a $30 to $60 range except for the Apr to June 2019 prehalving pump to $146. I think LTC can stay in this range for almost another year allowing for a great accumulation period before another possible gradual move up in 2021 and a parabolic pump in 2022. In fact the Elliot Wave I'm projecting goes to about the ATH in a 3rd subwave, a 4th subwave correction, and a 5th subwave that could take LTC to about $4000 by late 2022. This assumes BTC will go to about $200,000 in the same time frame with a BTC:LTC ratio dropping to about 50 again at that time.