ZEC / $BTC vs. LTC / BTC When studying the resurrection of "dead" dino coins... I think Litecoin is the best place to start. It's experienced more death/resurrection cycles over…
Original source excerpt
$ZEC / $BTC vs. LTC / BTC When studying the resurrection of "dead" dino coins... I think Litecoin is the best place to start. It's experienced more death/resurrection cycles over the years than anyt…
$ZEC / $BTC vs. LTC / BTC When studying the resurrection of "dead" dino coins... I think Litecoin is the best place to start. It's experienced more death/resurrection cycles over the years than anything else I've seen before. Every move followed the same script: - breakout from long, slow bleed w/ ascending triangle - initial move higher out of the triangle, range right above - up only blow off top Zcash has already experienced the first phase, it looks like it's nearing the end of the second, which means... it's probably about to send a lot higher than most people are ready for. e.g. in this scenario next clear resistance for ZEC is ~170% higher than where it is right now... in a world where BTC is also climbing back to ATHs and prints another 50% from here while zec outpaces it by 170%, the price of ZEC in USD would hit somewhere around $5K.
AI context is not available for this statement. The original source can be read independently.