According to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC...
Nothing more to add.
Of course the idea does NOT sound very convincing with one new low after another.
But that is exactly what ETC did on the ETC/BTC pair. One low followed by another one, and at the end of it a !! x10 !! pump occurred.
This LTC/ETH chart behaves similar to the ETC/BTC pair right before the break out.
The trend will be true under the following assumptions:
- BTC 2021 cycle ends around the 3rd quarter of 2021
- BTC continues with the overall uptrend
I assume a rather quick run up, based on previous behaviour.
The upper line is the most conservative one, which is why I consider it low risk up to that point.
To reach a value of approximately 0.014 BTC for each...
