This is solely based on previous performance of LTCUSD pair, using Fibonacci projection.
Last time when the price hit 420, that was Fibonacci projection level of 4. If we use the same level, we will see $1646 Litecoin very soon.
Last time when the price hit 420, that was Fibonacci projection level of 4. If we use the same level, we will see $1646 Litecoin very soon.
Nota
Here is my calculation based on past performance of LTC.LTCBTC last time lowest point was 0.005, then 5x to 0.025 in about 83 days, 50% drop to 0.013, if it does 5x again, next target is 0.065BTC.
LTCBTC last time lowest point was $36, then reached Fibonacci projection of 4.0 which is $420, if it does 4.0 again, next target is $1646.
$1646/0.065 = $25323 USD/BTC, and if we use 83 days to calculate from the lowest point to this target, it should be right around the end of May.
I don't know if I am making sense, but the math does not lie. All we rely on is let the history repeats itself. :)
Nota
Sorry forgot to say how I got the 0.065. it is also assumed, it 5x from the lowest point -->0.013 * 5 = 0.065.
Nota
it should be right around the end of April (before May)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.