📈 Price Predictions Vera Thornpike

Ethereum vs Litecoin — What Is a Better Choice for Investment?

📈 Price Predictions
Ethereum vs Litecoin: Which cryptocurrency to invest in? Read about predictions, prospects, and the advantages of LTC and ETH compared side-by-side.
Ethereum vs Litecoin — What Is a Better Choice for Investment?
Contents

In the sphere of cryptocurrency, no investment seems to be a win-win scenario: price predictions prove to be useless, and it’s impossible to predict how much an asset will cost tomorrow, in a week, or in a year. You should expect volatility – all in all, things work this way.

The wisest thing you can do is to diversify your portfolio because Bitcoin has a fever, and there are many worthy cryptocurrencies around. But which alternatives are preferable? You should consider having Ethereum and Litecoin among your favorites – they are both worthy crypto assets. Which one is a better investment solution? Let’s compare them and decide.

Please note that the article is only made for you to make an informed decision – this is not a call to action, and it shouldn’t be viewed as ultimate investment advice.

Ethereum vs Litecoin comparison

Before we start comparing the two cryptocurrencies from an investment standpoint, let’s take a peek at their technological foundations.

 

What do they have in common?

  • Both Ethereum and Litecoin are listed on Coinbase. This platform allows purchasing and selling currency at its real-time price. GDAX, a platform for advanced traders, also offers LTC and ETH.

  • Litecoin and Ethereum process transactions quicker than Bitcoin, although different approaches are used. Optimal processing speed makes these currencies stay on top.

Ethereum

Litecoin

Purpose of creation

Ethereum is mostly used by developers who deploy the blockchain and its smart contracts for the creation of dApps. Aside from having long-term applications, Ethereum also helps to store data, transfer value, and organize communication.

Litecoin is designed to serve as Bitcoin’s faster and cheaper version. This open-source hard fork that helps to perform transactions.

Supply limits

There is no ETH limit – it can be mined over an indefinite period of time. However, such an approach can have a negative impact on Ethereum’s value.

Only 84 mln tokens are to be emitted. It means there will be no new LTC in the future which might trigger LTC price growth.

Transaction processing time

15 seconds

2 min. 19 seconds

Transaction fee

~$0.85

~$0.04

While Litecoin is quick and cheap, Ethereum is a smarter cryptocurrency – it’s more than just a token. The Ethereum blockchain facilitates Ether transactions using so-called “smart contracts.” It means that the blockchain itself confirms transactions and contracts instead of third parties. The contracts can automate payments. For example, when goods and services are transferred, payments are sent instantly. The idea of smart contracts can eliminate all kinds of middlemen in both cyber environments (for instance, in crowdfunding websites) and real life (for example, in the sphere of real estate trading).

Litecoin doesn’t have such technological advances – it seems to be less functional. Ethereum simply continues evolving the idea of cryptocurrency decentralization that started with Bitcoin.

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But why is Litecoin still a good option?

Litecoin has a lot of unbeatable advantages, including the following:

  • Litecoin is an open-source project that’s driven by such technologies as the Lightning Network and SegWit. It has a lot of space for further development.

  • It has a very low transaction fee.

  • It was created by a former Google developer, which adds reliability and trustworthiness. Charlie Lee, one of its founders, has shown great leadership qualities over time and is tight-lipped about its creation.

  • It is much less volatile during market corrections and crashes.

  • You can easily exchange it for BTC.

  • Chinese crypto enthusiasts are fond of Litecoin – they represent a large community of potential users.

  • Litecoin is supported by all hardware wallets.

There’s one more thing that makes Litecoin a great choice – LTC’s application on the darknet. Although Bitcoin was the only means of payment in this sphere, recently other cryptocurrencies have also gained traction.

Competition on the darknet is very stiff, and within a short time, Litecoin has turned into the preferred cryptocurrency among dark web users. Litecoin accounts for 30% of transactions in the dark web, beating Monero and Dash. It’s fast and trouble-free, even though it does not guarantee total privacy and anonymity (which are the primary concern of dark web users).

Although purchases and activities associated with the darknet aren’t legal or ethical (mostly), the fact that people prefer Litecoin simply means it’s efficient. People get tired of high Bitcoin fees and switch their attention to Litecoin instead.

Ethereum and Litecoin price predictions

Currently, Ethereum trades at $118, while 1 LTC is worth $31.5. Will they grow in price this year? Let’s compare forecasts for both cryptocurrencies.

Current positions of Ethereum and Litecoin
Ethereum is far ahead of Litecoin by market cap

Ethereum

Although Ethereum faced hard times as other cryptocurrencies did in 2018, it is here to stay. The Ethereum blockchain is too genius to disappear and be underrated. How high will Ethereum’s price go in 2019 and later on?

Many crypto experts agree that when Ethereum becomes more mainstream and widespread, it can hit the previous records and reach $1,000 again. What does its price depends on?

  1. First, it depends on how many platforms will adopt and use it. Ethereum is already being used by many Fortune 500 companies and continues gaining traction.

  2. New technical releases. Constantinople, Casper, and other upcoming renewals will further boost the demand for smart contracts and promote Ethereum.

  3. The market bull run is to come. The bearish tendency seems to have subsided, and the cryptomarket will be more stable in 2019.

What do experts think? According to Brian Schuster, founder of Ark Capital LLC, Ethereum has enough potential to reach the threshold of $100,000, if it replaces gold as a store of value:

“What if you believe that Ethereum is less like one individual business and more like a store of value, like gold? This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin. We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.”

Jeff Reed, a cryptocurrency writer, states that Ethereum will overrun Bitcoin:

“Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies. It’s rather the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC (in my opinion).”

Olaf Carlson-Wee (CEO of Polychain Capital) agrees with him and says that Ethereum’s market cap can become larger than Bitcoin’s, which means one ETH can cost $3,000 and more down the road!

The market is ever-changing, but if the demand stays on the same level, it is not hard to hit those imagined numbers in the long-run. Ethereum should sooner or later beat its previous $1,400 record.

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Litecoin

The vast majority of crypto experts agree that Litecoin is to reach the level of $200-300 this year. What will drive Litecoin’s growth is its technological superiority over Bitcoin, as well as affordable transaction fees.

Here are expert opinions:

  • John McAfee is sure that Litecoin hasn’t fulfilled its total potential yet. He said that Litecoin can rise even higher than Bitcoin.

  • George Tung, a cryptocurrency analyst, predicts that Litecoin will cost about $1,500 in 2019, and many crypto experts share the same opinion.

  • According to the atomicwallet.io website, Litecoin is expected to trade at the level of $200-400 this year – this forecast is based on technical analysis.

  • Coindesk says that Litecoin can stay at the mark of $240 for some time, but as soon as it reaches $300, nothing will hinder its growth.

The further – the better. What about Litecoin’s forecast for 2020? Longforecast.com shows that Litecoin will trade at the level of $780-1374 in a year. Oracletimes.com is another website that predicts Litecoin will reach the threshold of $1,000 by 2020. According to steemit.com, Litecoin will trade at $3,500 by 2020 due to the overall growth of the crypto market and advanced technologies. Good times are to come for Litecoin!

Walletinvestor.com is the only website with a severely pessimistic technical analysis: according to the published numbers, Litecoin will fall to $0.00001 and lose its value completely. It’s unknown what this analysis is based on. Luckily, no one else supports this view.

In 2019, the effect of the bearish market tendency and investors’ fears will subside, so Litecoin should rise above $100, gradually and steadily – this is the minimal threshold it should overcome. Therefore, it must be the right choice for short-term investments: you can reap returns on investment within a few months easily.

What to buy as a store of value?

Due to the bearish tendencies on the crypto market, many cryptocurrencies have seriously gone down in price, and one of the current biggest concerns is whether tokens will retain their value. The answer is: “Nobody knows for sure.” However, some of the cryptocurrencies have proven to be more or less stable investments for the future.

Litecoin

Having appeared in 2011, Litecoin is one of the most stable altcoins on the market. Besides, it has a strong recall value, which is great considering there are hundreds of alternative cryptocurrencies around. A lot of exchange platforms support Litecoin, so it’s easy to sell and buy. That also makes it a great long-term investment.

Another factor worth considering is that Litecoin has a maximum supply of 84 mln LTC, which means no more coins will be emitted at some point in the future. The limited number of tokens could mean that Litecoin will become more valuable down the road.

Ethereum

Ethereum was introduced to the market in 2015, though it quickly gained interest among potential crypto users. Increasing interest made Ethereum recognizable: it enjoys the growing support from exchanges. Although Ethereum is not commonly used as a payment method, the situation can change in the future. It already changed when Ethereum left Litecoin behind in 2018:

At the moment, Ethereum seems to be the best store of value: it has bright prospects moving ahead. Despite its young age, its smart contracts and blockchain are being widely used for the creation of dApps. Its growing recognition makes ETH easier to purchase, access and spend. Ethereum is likely to disappear from the market only if all cryptocurrencies sink into oblivion.

LTC vs ETH as a transaction medium

Cryptocurrencies were designed to serve as decentralized digital money, i.e. to buy goods and services. The Bitcoin example has shown us that proper scaling can be hard to achieve, especially if you don’t want to pay large fees. So, how do Litecoin and Ethereum perform from this standpoint?

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Litecoin

Since Litecoin is Bitcoin’s younger brother that was created to serve as a more advanced online transactional medium, it is pretty good for regular transactions. It has a confirmation time that 4 times faster, with the average block time of 2 minutes 19 seconds. The transaction fee is about $0.04, which is nothing compared to Bitcoin’s charges. Considering the growing number of online users exploiting crypto, Litecoin is great for online transactions.

Litecoin is a more advanced solution than Bitcoin
Comparison of Litecoin against Bitcoin

Ethereum

Although Ethereum’s fees are much higher (it costs about $0.85 to perform a transaction), Ethereum’s block time is less than 15 seconds, which makes it much better than many other coins. You can have several transactions processed within a minute or even less. Mainly for this reason, Ethereum has become the most traded cryptocurrency on the globe with millions of transactions performed on a daily basis. For comparison, Litecoin processes 50,000 transactions daily, and Bitcoin – about 230,000 transactions.

Both Litecoin and Ethereum are relevant as means of transactions: while Litecoin transactions are cheaper, users still prefer Ethereum – its instant block time is simply unbeatable.

Conclusion

Both Ethereum and Litecoin are top cryptocurrencies on the market – they have strong technological foundations, and both are supported by the crypto community. Ethereum continues being number one blockchain for the creation of decentralized applications and more than that. Litecoin is a greater alternative to Bitcoin, so we may witness how it will start replacing BTC in regular payments.

So, which cryptocurrency to choose? We suggest you buy 50/50 LTC and ETH. The market is volatile and you never know for sure which cryptocurrency will fail and which will grow. Diversifying your crypto asset portfolio is the best way you can ensure you’ll be financially sound.

What is clear is that Litecoin and Ethereum are here to stay and, most likely, you will double your investment in a couple of years (or even months). Keep tabs on market tendencies and always remember that you should not invest money you can’t afford to lose.  

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford losing.

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Binance Coin (BNB) – Forecasts and Prospects

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Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market – and may enjoy further growth in the short term
Binance Coin (BNB) – Forecasts and Prospects
Contents

Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market. It is powered by the Ethereum platform and runs under the ERC20 protocol. The total supply of BNB is slightly under 200 mln. Recently, it has managed to rise on Coinmarketcap and grab position #10.

Binance launched its coin in the summer of 2017.

The exchange provides a big catalyst for its token. Binance intends to set aside 20 percent of its quarterly revenue to recover from the market 50 percent of the BNB supply that has been sold already, and then it plans to burn those coins. This would ensure a limited offer of the asset and may well let its price soar.

Binance has already conducted a coinburn recently, on January 16. Back then, $9.4 mln worth of BNB coins was destroyed. After that, Binance Coin saw major momentum, and its price got over the $10 mark.

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BNB’s long-term prospects

At the end of 2018, the CEO of Binance announced that the exchange is about to launch a decentralized exchange (DEX). On February 20, 2019, the testnet phase of the DEX started.

The decentralized platform is backed by the Binance Chain – a blockchain developed specially for it by Binance. BNB is presently an ERC20-based token, but ultimately it will migrate to the new platform to turn into a native token.

This roadmap could ensure a massive rise for BNB in the future. However, if the DEX fails to deliver on the community’s expectations, everything may happen the other way round.

Right after the announcement regarding the DEX, BNB began ascending and since then has managed to grow from $6.20 to $11.67. Its current price is $10.77, as per Coinmarketcap.

Binance Coin (BNB) – Forecasts and Prospects

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Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

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Litecoin price forecast 2019: The coin has the chance to reach the value of $230. What are the factors contributing to LTC growth?
Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230
Contents

Following Bitcoin’s path, Litecoin seems to be on the rise: it’s becoming quite popular among investors and is slowly gaining in price. There’s a very high probability that it will trade higher than $30 all year long, but what about its highest points?

Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

Focus on numbers: Litecoin’s future in 2019

Although the bearish period seems to be over, the crypto market is still highly volatile. That’s why making any short-term predictions is quite hard. However, it doesn’t discourage analytical websites and people from making their own forecasts.

Thus, according to publications on various crypto websites, Litecoin has enough potential to reach the $1,000 edge. Some articles mention the number $2,000 – it seems to be far from reality. What are these suggestions based on? It’s not clear.

However, these forecasts are on par with predictions from some experts. For example, George Tung, a cryptocurrency analyst, claims that Litecoin will reach $1,500 towards the end of 2019. Brian Kelly, the head of BK Capital Management (LLC), is sure we might witness an LTC price of $500 or even $600 by the end of this year. Though conservative, this approach seems to be close to reality.

In November 2017, Litecoin was traded at $100 and investors managed to enjoy 25x ROI. If the market is hit by the bullish wave again, the scenario can repeat: LTC might jump from its current $48 to $1,200. But what if that won’t happen?

Our guess is that Litecoin can reach the range of $150-$230 by the end of 2019. How can it crawl to such numbers? First, in August 2019, the block reward for miners will be cut by 50%, which might provoke the growth of demand for LTC.

What will kick-start Litecoin growth?

Here’s the whole gamut of factors that can make Litecoin soar separately or altogether:

  • The rate of accepting Litecoin on exchanges and online websites will gradually increase. One of the adoption examples is the Surf Air store that started accepting LTC payments.

  • Of course, Litecoin’s growth is partially defined by Bitcoin’s performance. At the moment, BTC is on the rise. However, Litecoin seems to recover from the bearish period much faster and better.

  • At the same time, while Bitcoin’s gaining in traffic, users start complaining about growing transaction fees and slow performance. That’s when their attention switches to Litecoin, with its lower commissions and better speed.

  • A big influx of traffic on Coinbase is expected – it backs three major crypto assets, including LTC.

Thus, Litecoin is getting more and more media attention, which only contributes to its growth. Some Internet users are sure that it has to reach the $50 mark to get back on track and start gaining in value. This event is definitely around the corner!

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?

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The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark
Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?
Contents

The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark, Ethereum approaching $150 and the total market cap increasing to over $134 billion. This is a solid climb considering February 17 it was valued at only $121 billion, the market is coming back to crypto. As usual, Bitcoin is dragging the altcoins up with it and in this case, we are seeing green across the board.

Litecoin (LTC) Price Analysis

Litecoin is currently the number 5 cryptocurrency by market cap with a circulating supply valued at $3,017,837,498 and a trading price of $49.82. Over the last 7 days, it has added 16.94%and is one of the top performers. The LTC/USD pair has been enjoying a steady climb since bottoming out at $22, is now supported by a strong bullish trend line and trading above the 100 days Exponential Moving Average (red). The recent break above the level at $47 makes $56 the next target which could be reached inside a week’s time. It must be noted that the Relative Strength Index has entered overbought for the second time and that may generate a pullback into the 100 EMA.

LTC/USD chart by tradingview

EOS (EOS) Price Analysis

With a market cap of $3,497,498,697, EOS is sitting just above Litecoin in the market cap rankings at number 4. It is trading at 3.86 against the US Dollar and has increased a whopping 37.56% in the last 7 days. The recent climb broke the resistance at $3.10 taking EOS above the 100 days EMA and painting a bullish picture. The most likely scenario is a touch of the level at $4.60 which was support in the past and has not turned into resistance yet. The RSI is deep in overbought territory which is an early sign that a retracement will soon follow but, however, as long as the price is above $3.10 the bias is bullish.

EOS/USD chart by tradingview

Stellar (XLM) Price Analysis

Stellar added 12.95% in the last 7 days and is currently occupying the number 8 spot in CoinMarketCap rankings with a circulating supply valued at $1,711,752,210. It has a trading price of 0.089 against the US Dollar and, from a long-term perspective, the pair is in a clear and strong downtrend. The but is that after reaching the bottom at 0.073 the has started to show signs of bullish pressure. For now, the bulls and bears are battling for the control of 0.092 resistance, which if broken, will likely generate additional upside movement. A failed break here would send the pair back into 0.073 support.

XLM/USD chart by tradingview

Monero (XMR) Price Analysis

Currently sitting in the number 13 spot with a market cap of $875,852,285, Monero is trading at $52.10 and added more than 9% over the last 7 days. Monero has had a weaker climb than its peers and is still trading below the 100 days EMA and below the resistance at $59. XMR/USD is in a range created by $39 support and $59 resistance so before we can see stronger moves to either side one of the boundaries must be broken. It’s very likely to see a move into $59 - $60, where the next short-to-medium term direction will be decided.

XMR/USD chart by tradingview

 

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

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Ethereum price predictions from Twitter: Can an ETH price of $145 be the sign of an uptrend?
Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

Ethereum is at the center of attention. There are a lot of things happening to ETH recently, but the best news is the uptrend which seems to have come. What do Twitter users think about it? Let’s trace the recent history of Ether and ETH price predictions in the latest tweets.

Starting from the middle of February, Ethereum began rising in price by 10%, step by step:

By February 21st, it has reached the $145 threshold. What’s going to happen next?

It’s not surprising that crypto traders remain skeptic after a long bear market. Most of them are still afraid of serious fluctuations. However, some are quite optimistic:

Many are sure that Ethereum is back on track:

Anyway, doesn’t it open new opportunities for investment?

What will accelerate Ethereum’s growth? There are a lot of changes to come, including the release of Constantinople, the overall market uptrend, and other aspects:

There’s a lot of fuss around Ethereum right now. For example, on February 21st, someone sold ETH for the highest fee in the history:

Samsung has integrated an Ethereum wallet into its new S10 phone, which seems to be a considerable step towards massive adoption of the cryptocurrency:

Yet, not all top players believe in Ethereum’s potential. Look at what’s happened recently:

Was Google right? Only time will show. We will continue watching Ethereum development trends.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to U.Today on Twitter, and get involved in all top daily crypto news, stories and price predictions!
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Binance Coin Six-Month Price Forecast – One Major Catalyst

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Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance
Binance Coin Six-Month Price Forecast – One Major Catalyst

 

Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance. It runs natively on the Ethereum blockchain under the ERC20 protocol, has a total supply of 200 million and is the 10th cryptocurrency by Coinmarketcap. The token was initially launched in July 2017 and has a solid following.

Binance has a major long-term catalyst for its coin. The company plans to use 20% of their quarterly profits to buyback and then burn 50% of the entire supply of BNB. This means that eventually only 100 million BNB will exist which creates scarcity and possible price increase.

The latest coin burn occurred on January 16 when the Binance team destroyed $9.4 million worth of BNB tokens. Since then, Binance Coin enjoyed very bullish price action, which took it above $11.0

BNB/USD Technical Analysis – The Big Picture

In late 2018, Binance announced they are preparing to launch a Decentralized Exchange (DEX) and on January 20, 2019, said DEX entered public testnet phase. The DEX is powered by Binance Chain, which is a blockchain developed by - you guessed it – Binance. BNB, which is currently an ERC 20 token will eventually be migrated to the new blockchain and will become its native asset.

This could spell massive upswings for BNB in the long run, but could turn into adversity if the DEX fails to live up to expectations. One thing is certain: shortly after the announcement, Binance Coin started to enjoy positive sentiment and since then the token has risen from $6.20 to a high of $11.67, currently trading at $10.35.

BNB/USD chart by tradingview

 

From a Weekly chart perspective, the token is not in a clear trend but it has been tracing lower highs and lower lows since it hit a recent high. The climb that started at $4.30 shows strong bullish pressure and could develop into long term bullish price action once the coin retraces to support. The Relative Strength is moving north, without being overbought, which supports a bullish scenario for the next months. For long-term bullish activity to happen resistance at $11.80 - $12.00 must be broken decisively.

On a Daily chart we can better see the importance of the resistance level at $11.80. It has been touched multiple times from above and below and more often than not, price was rejected. Most recently, we can see that rising price hit resistance at this level again and is now retracing lower.

Binance Coin

 

Considering all the factors involved, Binance Coin could climb into $18 area over the next six months but for this to happen Binance’s DEX must perform well. Immediate retracements should find support at $9.0, but a break below would not invalidate the long term bullish scenario as long as the trend line is intact and the DEX project is still viable.

Daily Chart Support: $9.0 and 100 days EMA (red line)
Weekly Chart Support: bullish trend line and $4.30
Daily Chart Resistance: $11.80 and $15.0
Weekly Chart Resistance: $11.80, $15.0 and $18.20
Most likely scenario: continuation of bullish movement, break of $11.80 and move into $15.0 where a deep retracement may occur; Longer-term a touch of $18 over a few months

Alternate scenario: breakdown below the bullish trend line

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