LTC is leading the market/giving hints at what btc will do

After looking closely at the parallels between LTCs price action after it's 1 day golden cross, and BTC's current price action, I'm convinced BTC is taking a very very similar path that LTC has taken and that LTC is leading the market and can be looked at to get a clue of where BTC wiil soon head. For example, from the point of LTCs 1 day golden cross in March to when it finally saw a correction, the price action rose 118%. If we measure a 118% increase from where BTCs golden cross occurred we get a range of around 9.9k we also conveniently have a very valid horizontal resistance line at that range that if we did wait until then to correct we would have the set up for a very valid looking and massive cup and handle on btc. Exactly like we are currently now seeing LTC do. As soon as LTC corrected it began forming its inverted head and shoulder handle as shown here on the chart. It also corrected 31% which if btc continues to follow ltc from there it tells us btc could correct after hitting that horizontal resistance line from 9.9k all the way back down to that 6.6k range. it would then spend 1-2 months creating a handle to that cup before it finally broke back above the neckline and at that point if it triggered a breakout from there the breakout target would be 16-17k! As we can see on LTC it is now throwing wicks above its cup and handle neckline and if it were to trigger its breakout it will more than double in value from where it currently is now. All of this potential price action also finds further confluence with the breakout target of the total market caps falling wedge that we charted way back in February thats target would essentially cause the total market cap of crypto to triple to quadruple. We are ow almost halfway to the total market caps target with still plenty of room to go up. You can find that chart in my archives. Anyways keep a close eye on the correlation between LTCs price action and BTC's because I have a strong feeling LTC is going to be giving us hints at what BTC may also do.

Komentar:

when i said 118% I actually meant 78% which is around 9.6k my mistake focus more on the 9.6k zone although with fomo it could go to 9.9k before correcting.