Litecoin Heading For Final Push 35 Days Before Halving
35 days until the halving of Litecoin. A very big event in any coin that uses Proof of Work. We have already stated in the chart that if you are looking to go long ensure you have it in BTC pairing, not USD, this is a perfect time to look at growing additional Bitcoin when you profit along with USD value.
The trend is old and strong, a lot of the move has been played but we feel there is still one last push and it could lead to some serious FOMO when the price action follows momentum and hype often generated by the media.
Have a STOP LOSS at the EMA 34 or the 55 if you do enter this position which has proven to be good support regions.
We suggest you closely monitor this position and do not get overconfident as this is the perfect opportunity to sell the news upon halving in 35 days.
The trend is old and strong, a lot of the move has been played but we feel there is still one last push and it could lead to some serious FOMO when the price action follows momentum and hype often generated by the media.
Have a STOP LOSS at the EMA 34 or the 55 if you do enter this position which has proven to be good support regions.
We suggest you closely monitor this position and do not get overconfident as this is the perfect opportunity to sell the news upon halving in 35 days.
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