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Litecoin LTC - New bull market! The downtrend from 2018 is over.
Litecoin / Bitcoin
Long
Litecoin LTC - New bull market! The downtrend from 2018 is over.
By UnknownUnicorn2537518
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Jul 28, 2022
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Jul 28, 2022
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Ascending Triangle
Descending Channel
Elliott Wave
Falling Wedge
Inverse Head and Shoulders
LTCBTC
LTCUSD
LTCUSDT
Support and Resistance
Trend Line Break
Volume
Zigzag
UnknownUnicorn2537518
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