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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.