Forecasting Litecoin (LTC) Future Price Levels

Deeper analysis of Litecoin’s current price action and projecting its future price levels.

Litecoin (LTC) is a chart that shows you how soul-crushing cryptocurrencies can be. If we measure from the 2018 bear market low of 25.73 on December 6th, 2018 to the next major swing high made on June 23rd, 2019, at 142.20, we can see why bulls were just nuts. Over a period of 197 days, Litecoin gained an astonishing +556.47%, easily crushing Bitcoin and Ethereum’s gains – up to that date. We then witnessed 179 days of Litecoin wiping out almost all of those gains to drop -75.42% to end 2019 at a dismal 41.10. Litecoin went from up +556% to gaining only +39.32% for 2019. Only in cryptocurrencies would we consider a gain of 39.32% as depressing!

But Litecoin is showing signs of like and signs of moving higher. I’ve often regarded Bitcoin as the DOW of cryptocurrencies, Ethereum (ETH)…