shubbs

Litecoin long term logarithmic chart; sideways consolidation

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BITFINEX:LTCUSD   Litecoin
In 2015 Litecoin went from $1 to $8 in June-July. It then went into a long sideways consolidation move between $2.50 to $6 all the way to March 2017 for almost 2 years. Something similar has just happened in Litecoin this year as it has spiked from the Dec 2018 low at $22 to near $100 this week. I've illustrated that this pattern could be repeated. Litecoin could once again enter a long sideways consolidation pattern between say $35 to $75 until early 2021. It could then break this long symmetrical triangle to the upside in 2021. The break up in 2017 yielded more than a 100 fold move as Litecoin rose over 100 fold from $3.50 to $370 in 9 months. This time Litecoin could rise 100 fold again from say $40 to $4000 in 9 months by the end of 2021. Time will tell.

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