Sharing forecast.
Best estimate
The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170.
Conservative estimate
It's the Compounded Annual Growth Rate (CAGR) of 199.25%.
This is computed as: Closing Price x (1 + CAGR)
= $124.69 x ( 1 + 199.25%) = $373.14
Worst estimate
Worst case scenario if ever is the $25 area.
If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price.
If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price.
Risk reward ratio seems attractive at 4.54.
Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
Best estimate
The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170.
Conservative estimate
It's the Compounded Annual Growth Rate (CAGR) of 199.25%.
This is computed as: Closing Price x (1 + CAGR)
= $124.69 x ( 1 + 199.25%) = $373.14
Worst estimate
Worst case scenario if ever is the $25 area.
If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price.
If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price.
Risk reward ratio seems attractive at 4.54.
Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.