Widely followed crypto analyst Dave the Wave, known for his numerous epic calls over the past few years, is currently bullish on Litecoin (LTC) and Bitcoin (BTC).
The pseudonymous trader tells his 139,000 Twitter followers that LTC may be gearing up for a breakout from a triangular pattern, while at the same time Bitcoin is bouncing off a key support level.
“LTC threatens to go on a runner…
As they say, “Don’t marry a coin.” This allows you to diversify a bit, hedge your bets, take some profit on the volatility while keeping your main BTC investment long.
Zooming in on Bitcoin, Dave the Wave say that BTC is still on track for a scenario he called for back in February of this year. The potential scenario suggests that Bitcoin will receive a five-wave upside and will end around the $150,000 level in late 2024 or early 2025.
“BTC Impulse Wave Scenario Still On Track Four Months Later…”
Earlier this month, Dave the Wave said huge gains are now on the table for Bitcoin, based on a combination of his logarithmic growth curve model and Fibonacci levels.
“With a consensus that the BTC bottom is in place, the question is increasingly raised of what the next top might be. A proportional response within the parameters of the LGC (logarithmic growth curve)… performing since 2018.”
At the time of writing, Bitcoin is trading at $30,575.
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