Self explanatory, there is a 10 year wedge with no room left to squeeze happening on LTCBTC
On chain metrics for LTC show usage, hash power, wallets, daily transactions all rising rapidly over the last 12 months. Everything for LTC is up except for its price.
Expecting something explosive once this wedge breaks. 10 years for a wedge is unprecedented when it comes to crypto.
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added on chain statistics to compare against.
1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity.
2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE)
3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile.
4) New Chart now has on chain fundamental for LTC to compare to
5) LTC is the #1 most used coin for crypto payments, it surpassed BTC in decemeber and is now more then the next 3 most used coins combined on bitpay, the largest current crypto payment provider.
6) Venmo has added LTC as a payment option
This chart looks a lot like doge pre pump, almost identical actually and its fitting seeing as how DOGE is an old LTC fork. Seems ready for something major