One of my fav Altcoin pick: LTC
Potential: 1.5x - 2x (conservative)
Condition: S/R flip at 105 with good follow through
Catalyst and Fundamentals: Macro trend is bullish, Grayscale premium on LTC (LTCN) as it's a bluechip crypto and easier for an ETF filing later this year.
LTCN premium increases = demand for private placement increases = Grayscale buys spot LTC for the trust.
CFTC also reiterated that LTC is a commodity during a KuCoin case, that makes it a perfect bluechip crypto to issue an ETF for.
Grayscale has been selling BTC and adding more LTC due to an increased demand from the investors (charts in the comments).
Technicals: LTC has been stuck in a broader 2x range (BTR) since 2023, which is a perfect sign of accumulation happening. The more extended the BTR is (wrt time), the more powerful is the breakout.
Worst case: LTC falls back into the BTR (green rectangle) and the accumulation continues.
