Litecoin Dezember 2018 = Januar 2015?
The long and steady decline the last months are very reminiscent of the one in 2014.
This similarity became even more striking with the bounce after the sell-off deviating from the straight line down.
If this fractal holds true, then in the near short-term, this latest rise might indeed be just a dead-cat bounce and there is still time up to May 2019 or so to enter long positions in LTC.
But then, after the pump mirror of July 2015, there should be a 2 year consolidation phase which means that new highs would only be seen after 2021.
But this is just the case when following the similarity to the dot. Obviously the market cap currently is incomparably higher and more people have their foot in the game.
Also, when I nail the price ranges in my guesses, I almost always tend to overestimate the time ranges.
This similarity became even more striking with the bounce after the sell-off deviating from the straight line down.
If this fractal holds true, then in the near short-term, this latest rise might indeed be just a dead-cat bounce and there is still time up to May 2019 or so to enter long positions in LTC.
But then, after the pump mirror of July 2015, there should be a 2 year consolidation phase which means that new highs would only be seen after 2021.
But this is just the case when following the similarity to the dot. Obviously the market cap currently is incomparably higher and more people have their foot in the game.
Also, when I nail the price ranges in my guesses, I almost always tend to overestimate the time ranges.
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