LTCBTC Resistance-Falling-Wedge Breakout w/ Time Analysis

Dec 4, 2020

LTCBTC continues to consolidate in a historically low range relative to BTC. I am bringing to attention the last time we hit over head resistance in July 2015 took 609 days to the break up of the falling wedge, if you look at the most recent time the resistance was touched the formation is much the same (falling wedge), we are sitting currently on day 610 -- just an interesting fractal which suggests that it is possible we are looking at a next leg up to another lower high touch of resistance which gives a potential for a move to around .012. I am bullish then which allows for a potential return of 200% BTC from current levels.