Crypto analyst known as Dave the Wave stated on Twitter that the popular altcoin LTC may be preparing for a breakout from a triangle pattern, and simultaneously, Bitcoin is rising from a significant support level. He gave these statements in his comments:
LTC is threatening to go on a run… As they say, ‘Don’t marry a token.’ This allows you to diversify a bit, protect your portfolios, profit a little from volatility, and also stay long on your main BTC investment.
Dave the Wave, focusing on Bitcoin, the leading cryptocurrency, claimed that BTC is still on track for a scenario he called back in February this year. According to the analyst, the most likely scenario shows Bitcoin transitioning into a five-wave rise, concluding at approximately $150,000 by the end of 2024 or the start of 2025. The senior analyst stated:
Four months later, the BTC impulse wave scenario is still on track…
Furthermore, earlier this month, Dave the Wave noted that, based on a combination of the logarithmic growth curve model and Fibonacci levels, big gains are now on the table for Bitcoin. He made these statements on the matter:
With a consensus forming that BTC is at the bottom, the question increasingly being asked is what the next peak could be. A proportionate response within the LGC (logarithmic growth curve) parameters… it’s been working since 2018.