dailyhodl.com
Widely followed crypto analyst Dave the Wave, known for numerous epic calls in the last several years, is currently bullish on Litecoin ($LTC) and Bitcoin ($BTC).
The pseudonymous trader tells his 139,000 Twitter followers that $LTC may be gearing up for a breakout from a triangle pattern, while simultaneously, Bitcoin bounces off a key support level.
“$LTC threatening 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 profits on volatility while also staying long your main $BTC investment.”
Zeroing in on Bitcoin, Dave the Wave says that $BTC is still on track for a scenario he called for back in February of this year. The potential scenario suggests Bitcoin going on a five-wave impulse to the upside, completing in late 2024 or early 2025 at around the $150,000 level.
“$BTC impulse wave scenario still on track four months later…”
Earlier this month, Dave the Wave said that massive gains were now on the table for Bitcoin, based on a combination of his logarithmic growth curve model and Fibonacci levels.
“With a consensus building that the $BTC bottom is in, the question increasingly raised is what could the next top be. A proportionate response within the parameters of the LGC (logarithmic growth curve)… performing since 2018.”
At time of writing, Bitcoin is trading for $30.575.