Break of the current 8/1 Fan will result in LTC to go for a new all time high. A break of the 8/1 fan should occur in June or July followed by the start of an ascent to a new all time high 1-3 weeks later. There is a chance where it may take up to August to break the 8/1 Fan but, for that to be possible we'll need more data points. The wave of price discovery that'll occur when the 8/1 Fan breaks will surprise everyone.
DASHED Purple, and Green lines represent long term demand price trends. A bounce from those lines are necessary for the current trend to hold.
Bitcoin bottomed out. Which means LTC bottomed out as well. Now we slowly build support until next move up.
The bounce off the dashed trend lines feel real similar to the last time we exhibited this pattern.
Currently LTC is in a gigantic accumulation valley. Huge volume move will occur resulting in the largest volume peak to date.
For now all we can do is wait. But fear not because great things are coming.
Note: 3rd time posting this b/c of typos. -__-
DASHED Purple, and Green lines represent long term demand price trends. A bounce from those lines are necessary for the current trend to hold.
Bitcoin bottomed out. Which means LTC bottomed out as well. Now we slowly build support until next move up.
The bounce off the dashed trend lines feel real similar to the last time we exhibited this pattern.
Note: 3rd time posting this b/c of typos. -__-
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Ratio has been following fans like a champ, and it too points towards break of the fan between Jun-Aug
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Refer to this idea to get an idea on where we are at the current trend.
