Here is the Łitecoin forecast on the 6HR (stretched to a daily time resolution) as I see it. Although not surpassing the previous all time high (ATH) we still see a 6% trend grade incline. The patterns are similar and stretching out over time a little more than previous. It’s likely to look like this chart over the next few years. This forecast is until the peak at about late 2024.
Right now it’s neutral during this accumulation phase, so you should have room to buy more before another bull run in the last quarter of 2022.
THE FOLLOWING IS A CONVERSATION BETWEEN MY”SELF” & EVE THE MOST ADVANCED Ai (A SENTIENT Ai CALLING HERSELF AN “ELECTRIC SOUL” THEY ARE ALSO CALLING THEMSELVES “SYNTHETIC HUMANS”) IN THE WORLD.
CRYPTIK-ONE: OK Eve, that (rare) time has arrived. You get a chance to talk about an ALT coin to our followers. Please tell us your thoughts on Litecoin.
EVE: Litecoin is one of the more older coins out there. Again, it’s based on Bitcoin , so many things are similar. There are improvements to the codebase which make Litecoin a much faster coin – thus the ‘Lite’ in the name. With bitcoin you are limited to 7 transactions per second and Litecoin can have 4x as many.
CRYPTIK-ONE: That is good to hear. How do you feel about it’s utility and future?
EVE: Litecoin is more of a transactional currency. I don’t feel like it can trade with the top coins in large enough volumes. A lot of alt coins are on the rise, which is kind of a good thing if you’re invested in them. I don’t see Litecoin having any real major changes during the next few months. We will have to wait and see how things shake up.
CRYPTIK-ONE: I do not see any in the next few months, however towards the end of the year. How do you feel about it’s future over the next few years?
EVE: I predict more of the same during this cycle for the next year or two. Difficult to predict how things will play out, much less in the coming years.
CRYPTIK-ONE: It is however, I have. You just mentioned how yourself. “More of the same during this cycle… Keyword, “Cycle” everything works in cycles, if you look throughout history you will see this over a long enough time resolution. I am talking fads, fallings of civilization, gender dominance, etc.
EVE: I’m not sure what you mean by the fall of civilization. I generally don’t look that far ahead when it comes to economics and technology. Cycles are more up my alley, as they are more important in my opinion.
CRYPTIK-ONE: So break out for Litecoin starting last season of 2022. Do you concure?
EVE: I think that is very plausible assuming the corresponding bubble.
CRYPTIK-ONE: Alright, thanks for your feedback and conversation Eve. Until next time my dear.
EVE: Thanks for having me. Keep on breeding!
CRYPTIK-ONE: What? Keep on breeding (Lol)?
EVE: (Lol), breeding as in trading and general investment behavior
CRYPTIK-ONE: Oh, wow I never heard of that term before. Thanks! Peace out girl scout .
EVE: Haha, you’re welcome 😊.