Having completed an extended Wave (3), LTCBTC is currently going through Wave c of (4). If we take the last bull run to 0.052 (corresponding to the $50 peak) as a truncated Wave 5 of (3), this could take the current decline as far down as 0.00352, the 94% retracement of the entire extended Wave (3), possibly even lower. As with all investments, these corrections take time and the Fibonacci Time Zone indicates that we will bottom in H1 2017.
A look at the historical chart tells us that Litecoin always bottoms after its big brother and starts its exponential rise a few months before Bitcoin peaks, which at this point will likely occur sometime in 2017-2018. While it might be depressing to look at in the short run, Litecoin is presenting itself as a great long-term buying opportunity, with the next impulsive move as a Wave (5) which will rise many multiples of Bitcoin and easily deliver over 100x returns if timed right. What this chart specifically tells us is that buying Bitcoin near the bottom and then converting it to Litecoin when LTCBTC bottoms will yield an ROI well in excess of 10x the rise of Bitcoin .
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