Litecoin Explosive Rally Incoming LTC USD
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I havent done charts in a while and I apologize but Ive been extremely busy with some new ventures and its been sideways anyways.
I believe that we are entering the final stages of this almost 8 year consolidation. The chart and the indicators are pointing to a massive rally for Litecoin starting probably in June. What I dont know is whether or not this is going to be extremely explosive and fast or whether it will be a long multi year bull market. My initial thoughts are that this rally will be explosive and fast. I believe that once it starts within 6 to 8 months the top will be in. This is a mid cycle correction for Bitcoin in my opinion. The final blow off top for this cycle for Bitcoin is coming and this will propel Litecoin to new all time highs similar to the 2017 rally where Litecoin went straight up for 6 months. Dont forget Litecoin usually goes up at the end of the Bitcoin cycle which we are entering now. Bitcoin tricked a lot of people making them believe that this was the bear market, when in my opinion this was just the mid cycle correction. The final leg up for Bitcoin will be around 500k with potential for much higher prices if this blow off is extreme which I think it will be. I dont know exactly how high Litecoin will go on this run but Im expecting anywhere between 5-10k. Not just based on hype but fundamentals as well. I believe that this next rally will push alot of people out of Bitcoin and into Litecoin as it did in 2017 but on a much much larger scale. I know Ive said this before, this time I am more confident than any other time before that we are going to explode from here within the next month. This is just my opinion, not financial advice. Good luck my friends.