LTCUSD Litecoin Hit Bearish Targets, Flipping Bullish???
Back in May 2021 right as the Altcoin Bear Market was just getting started litecoin confirmed a double top @ $420 (on coinbase) and i published "LTCUSD Litecoin Fractal - 90% Crash? PT:$30-40?" because at the time i believed that within this bear cycle it would backtest the upsloping demand line by early-mid 2022 "within the range of $30-40/coin", and in June 2022 it did exactly that where litecoin made it's lowest low of $40.
So could this be the bottom for litecoin? i would say yes because there are signs that the bear market is coming to an end, the next bull cycle is just beginning, and for litecoin specifically it recently received a new upgrade for privacy features so it'll certainly have an incentive & edge to finally make new all time highs later this decade.
So could this be the bottom for litecoin? i would say yes because there are signs that the bear market is coming to an end, the next bull cycle is just beginning, and for litecoin specifically it recently received a new upgrade for privacy features so it'll certainly have an incentive & edge to finally make new all time highs later this decade.
