LTC COVID Growth Play

4 thg 5, 2021

LTC has been lagging this whole crypto cycle, much like ETH had been up until the past two weeks. Bitcoin dominance is clearly down, and a move of BTC above 65k seems unlikely in the interim. This is good new for large-mid caps though, as we are noticing now. LTC broke through a reverse head and shoulder pattern here, as well as breaking the 95% confidence interval for the linear regression channel it has been following this cycle. For reference: When ETH did this, it rocketed and went no slope. The daily is looking bullish and if we break and hold a new ATH, then we will see $400 very quickly. $500 is inevitable, my magnets have not been wrong this year. If we reject, expect a brief consolidation lower, and then your screen becomes NFSW.