TL;DR: So many fundamentals, recent news and technicals going for Litecoin. Long term bullish, getting close to breakout, dependent of Bitcoin.
Technicals:
Fundamentals:
Long Term Ratio Target = +-0.018 to 0.025 sats
Long Term USD Price Targets:
Technicals:
- Monthly BBands Tightening
- Weekly RSI and MACD on the displays bullish divergence
- Monthly MACD about to cross fitted BBands
- Ratio has broken out of Long term and mid term descending wedges and is due a vigorous run-up
Fundamentals:
- Mimble Wimble Extension Blocks flexible release date +- 30th of October could act as the catalyst for future price movement
- Price rose in advance leading up to Segregated Witness launch
- Recent release of OmniLite allows developers to issue tokens and NFTs atop the Litecoin network (note the high price increase of so many ETH killers (Cardano, Solana etc.), DeFi and NFT issuers) don't see why the same enthusiasm for Litecoin can't result in a sharp price movement
- The market will move once the OG miners and market makers (MM) decide it is time and 'dumb money' will pile on when sharp price increase occurs
Long Term Ratio Target = +-0.018 to 0.025 sats
Long Term USD Price Targets:
- Most Probable: Very Conservative Long Term Litecoin USD Price Target (Assuming EOY Bitcoin price of +- 66000 USD) = +-528 - 600 USD per Litecoin assuming an EOY high of 0.008 sats
- Probable: Conservative Long Term USD Price Target (Assuming EOY Bitcoin price of +- 66000 USD) = 1188 - 1650 USD per Litecoin assuming an EOY high of 0.018 - 0.025 sats
- Not Unrealistic: Optimistic Long Term USD Price Target (Assuming EOY Bitcoin price of +-100000 USD) = 1800 - 2500 USD per Litecoin assuming an EOY high of 0.018 - 0.025 sats
- Less probable: Very Optimistic Long Term USD Price Target (Assuming EOY Bitcoin price of +-200000 USD) = +-2800 - 5000 USD per Litecoin assuming an EOY high of 0.018 - 0.025 sats
- Very Unlikely BUT entertaining Dogecoin fractal scenario could see prices in the range of 4000-12000 USD
