shelby3

LTC/USD to double-bottom soon

Short
BITSTAMP:LTCUSD   Litecoin
Probably rise to $104ish before declining into the Aug. 5 halving. The $104 target is due to some complex reasoning comprising several other charts which I can’t easily insert here. My main point is the potential double-bottom ahead. Note I expect BTC/USD to top out $10,600ish and decline to $8100ish. LTC/BTC is now very bullish until 0.016. Meaning LTC is about to go on a tear while BTC consolidates. Then will likely revert to BTC asserting dominance again.
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