LTCUSD - Halving Cycle.
LTC also follows a halving cycle having effectively been a clone of BTC.
LTC is due to have a halving in 2023.
The previous cycle i posted the below chart which observed that LTC may lead the breakout from the cryto lows.. which it ultimately did, and retraced to and beyond the triangle breakdown in the bear market.
There is a very similar set up to the previous two cycles again this time potentially implying LTC at $125 by potentially the end of Q1 2023.
Obviously alot depends on Macro but the similarity to previous cycles is there.
LTC is due to have a halving in 2023.
The previous cycle i posted the below chart which observed that LTC may lead the breakout from the cryto lows.. which it ultimately did, and retraced to and beyond the triangle breakdown in the bear market.
There is a very similar set up to the previous two cycles again this time potentially implying LTC at $125 by potentially the end of Q1 2023.
Obviously alot depends on Macro but the similarity to previous cycles is there.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.