Litecoin's 2020-21 move may be similar to 2016-17

1 Tem 2020

Litecoin went sideways the last half of 2016 into early 2017, ranging between $3 to $5. Starting in March 2017, Litecoin made large monthly gains, as it went from $3.81 at the end of Feb 2017 to $370.78 at the top in Dec 2017, a near 100 fold move. Litecoin is doing something similar now, trading in sideways range between $30 to $60 the last few months. It is possible Litecoin will continue sideways action just above the green support line. It could be about $50 at the end of Feb 2021. If it made the same monthly gains from March 2021 to Dec 2021 as it did in March 2017 to Dec 2017, then the price would escalate from $50 to $2696 by Dec 2021, a more than 50 fold move. Litecoin would once again be near the long term red resistance line connecting the $55 Nov 2013 and the $370 Dec 2017 highs. That would be a good time to sell IMO if this continues in a 4 year pattern. If the pattern is regressed and takes longer to get to the top say the end of 2022, then it could top out at $4000.