LitecoinLong
LTC Potential (and ETH?)
Updated
(+):
+ Ichimoku cloud crossover signal.
+ A lot of potential buying volume.
+ Strong support at 38-40, minor resistance at 42. If resistance breaks price will rally high, estimated 45-50 at least. If support breaks, secondary support is at 35-36.
+ Price has been below long-term trendline for a while. It's going to reverse.
+ Bitcoin transaction at the moment are being required for extra confirmations before it's accepted. This could potentially help increase Litecoin demand in the near future for daily transactions.
(?):
? This may also apply to Ether, since it shares a similar pattern.
Please feel free to add or argue, this idea is wholly open to discussion. Thank you.
Disclaimer: This is highly speculative, and is never a form of solicitation or advice. Please be responsible of your own trade.
+ Ichimoku cloud crossover signal.
+ A lot of potential buying volume.
+ Strong support at 38-40, minor resistance at 42. If resistance breaks price will rally high, estimated 45-50 at least. If support breaks, secondary support is at 35-36.
+ Price has been below long-term trendline for a while. It's going to reverse.
+ Bitcoin transaction at the moment are being required for extra confirmations before it's accepted. This could potentially help increase Litecoin demand in the near future for daily transactions.
(?):
? This may also apply to Ether, since it shares a similar pattern.
Please feel free to add or argue, this idea is wholly open to discussion. Thank you.
Disclaimer: This is highly speculative, and is never a form of solicitation or advice. Please be responsible of your own trade.
Note
Doube bottom formed.Trade active
Note
Charlie Lee appearing on national TV:twitter.com/SatoshiLite/status/891886560370491395
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Disclaimer
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