Everyone is ignoring LTC, Digital Silver.
If we are to look at the network hash for Litecoin and where it was during the previous seasons peak, Jan 2018 and May 2021, we can see the network has was at 100TH and ~210TH in 2021..
We are currently at 2.3 - 2.5 PH, that is 12-25x previous values during the Price top in the last 2 bull runs.
Looking at the NVM (Network Value Model) for Litecoin, we can notice the network has constantly grown while the price is now pretty much unchanged and at the same level as 4 or 7 years ago.
Lastly if we are to look at the BTCLTC and LTCBTC chart, both are displaying a clear picture, it's Litecoin's time to shine and show why it is called Digital Silver and Bitcoin Digital Gold..
Litecoin is valued at 0.1 of BTC based on previous charts and ATH, that easily puts Litecoin at the 5 digits range, tehnically Litecoin can surge to 430 - 700x, time will tell if we go to $20-30k or more, it also depends where Bitcoin will meet it's peak this run. Will it be $150-190k or $250-490k??
This will dicated Alts top and of course Litecoins too.
Let's not forget that ETH was $70-90 in 2017-2018, it did not stop it going to
4K and it will not stop it from moving now into 5 digits, Litecoin can and will do the same.
It's a solid network, there are a ton of miners, tehnically it's in a 5 year Triangle and breaking out, we are going to see ETF listings for LTC soon, news will start to pile and retail will want to buy the cheaper Bitcoin, the one with real and actual Payment Utility!
Let's see where we are in 3 months and end of this Year.
I am predicting we teleport to $300-500 sooner rather than later!
If we are to look at the network hash for Litecoin and where it was during the previous seasons peak, Jan 2018 and May 2021, we can see the network has was at 100TH and ~210TH in 2021..
We are currently at 2.3 - 2.5 PH, that is 12-25x previous values during the Price top in the last 2 bull runs.
Looking at the NVM (Network Value Model) for Litecoin, we can notice the network has constantly grown while the price is now pretty much unchanged and at the same level as 4 or 7 years ago.
Lastly if we are to look at the BTCLTC and LTCBTC chart, both are displaying a clear picture, it's Litecoin's time to shine and show why it is called Digital Silver and Bitcoin Digital Gold..
Litecoin is valued at 0.1 of BTC based on previous charts and ATH, that easily puts Litecoin at the 5 digits range, tehnically Litecoin can surge to 430 - 700x, time will tell if we go to $20-30k or more, it also depends where Bitcoin will meet it's peak this run. Will it be $150-190k or $250-490k??
This will dicated Alts top and of course Litecoins too.
Let's not forget that ETH was $70-90 in 2017-2018, it did not stop it going to
4K and it will not stop it from moving now into 5 digits, Litecoin can and will do the same.It's a solid network, there are a ton of miners, tehnically it's in a 5 year Triangle and breaking out, we are going to see ETF listings for LTC soon, news will start to pile and retail will want to buy the cheaper Bitcoin, the one with real and actual Payment Utility!
Let's see where we are in 3 months and end of this Year.
I am predicting we teleport to $300-500 sooner rather than later!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.