Litecoin Is Repeating History - Breakout Imminent
Litecoin is repeating the same chart pattern that happened prior the start of the December 2020 pump. Whales are shaking out over leveraged investors causing liquidations and price drops, causing further panic and more downside in the overall market. Good time to go long, I have my eye on the sub $215 area for LTC but already have open long positions with low risk.
Furthermore:
If BTC does not hold the 60k level, it is likely to drop to the mid 50k area, with possible wicks to the 50k-51k level. If this happens, it is likely that LTC will see the low 200s but I believe this outcome is less likely.
Furthermore:
If BTC does not hold the 60k level, it is likely to drop to the mid 50k area, with possible wicks to the 50k-51k level. If this happens, it is likely that LTC will see the low 200s but I believe this outcome is less likely.
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