Litecoin: Future Price Prediction

Hello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Litecoin (LTCUSD).

The chart shows only the Litecoin price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price.

Though price may move slightly different in both cycles, the overall structure looks very similar. It seems that the current price may be headed to one more touch of the resistance line around $185-$200. To make it easier to follow, I made a pathway in the prior and current cycle. There is a possibility that price could come all the way down to $25-30 range due to a black swan event, however there are multiple support and resistance zones before that happens.

I am NOT confident that Litecoin price will make an all time high until after the next Bitcoin halving in 2024.

What are your opinions on this?

Check out my Ethereum price prediction in the related ideas below.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk