Litecoin a great opportunity (2)
Updated
Hello!
Litecoin has finally broke its 616 day long wedge pattern against bitcoin.
I think this baby will fly. Look where dogecoin is, which is a meme, a joke made out of litecoin or whatever!
We broke the 50ema (red arrows) and
The vertical resistance box where price has had resistance which shows bullish rotation
If we break the 200ema and turn it to support I am quite certain we will head to 0,017 - 0,018 sats
IF we bounce back to the 5600 sats level, you can get there and risk/reward of 45!
Targets are
40%
75%
210%
Check out my Ethereum a great opportunity 2020 which just hit it the target
Not an finacial advice and always use a stop loss, or you will get your ass burned
-Jebu
Litecoin has finally broke its 616 day long wedge pattern against bitcoin.
I think this baby will fly. Look where dogecoin is, which is a meme, a joke made out of litecoin or whatever!
We broke the 50ema (red arrows) and
The vertical resistance box where price has had resistance which shows bullish rotation
If we break the 200ema and turn it to support I am quite certain we will head to 0,017 - 0,018 sats
IF we bounce back to the 5600 sats level, you can get there and risk/reward of 45!
Targets are
40%
75%
210%
Check out my Ethereum a great opportunity 2020 which just hit it the target
Not an finacial advice and always use a stop loss, or you will get your ass burned
-Jebu
Note
Here we have the chart on daily timeframeWhere we can clearly see the "used to be" resistance level 5400-5600 sats.
This is the area which will most LIKELY work as support now that we have broke it
Note
And monthly RSI breakNote
Remember that these doesn't mean an certainty that we will go up. Anything can happen, anytime!Note
Also beautiful looking cup and handle on Ltc/Usd
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