Litecoin LTC - New bull market! The downtrend from 2018 is over.
- In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
- On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
- As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
- The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
- This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
- I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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