Crypto analyst Dave the Wave, who has been highly influential in the crypto arena over recent years, is currently expressing a strong bullish outlook on both Litecoin (LTC) and Bitcoin (BTC). He is known for his accurate predictions in the past and commands a Twitter following of 139,000.
LTC Potential Breakout
Dave the Wave recently hinted at a potential upward momentum for LTC, while BTC appears to be bouncing back from an essential support level. Here’s what he had to say:
“LTC threatening to go on a runner…”
His advice to his followers is echoed in a common saying in the crypto world,
“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.”
Source: Dave the Wave/Twitter
Bitcoin’s Future According to Dave the Wave
Moving onto Bitcoin, Dave the Wave believes that BTC’s future is looking bright. Back in February of this year, he presented a scenario forecasting Bitcoin’s trajectory towards a five-wave impulse, concluding in late 2024 or early 2025. This outcome would see Bitcoin reach around the $150,000 mark. This projection remains on track after four months, as he states:
“BTC impulse wave scenario still on track four months later…”
Source: Dave the Wave/Twitter
Dave the Wave’s Logarithmic Growth Curve Model & Fibonacci Levels
Earlier this month, Dave the Wave posits the possibility of significant gains for Bitcoin, following a combination of the logarithmic growth curve model and Fibonacci levels. According to him:
“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.”
Source: Dave the Wave/Twitter
Current Prices
At the moment, Bitcoin is trading for approximately $30,575.
In Conclusion
To summarise, here’s what we’ve learned:
- Dave the Wave predicts a potential breakout for Litecoin.
- He advises investors to diversify their investments and not to ‘marry a coin’.
- Bitcoin’s future growth remains promising according to Dave’s projections.
- Logarithmic growth curve models and Fibonacci levels predict significant profits are possible for Bitcoin.