Litecoin Upwards Trend Looking Stronger
After successfully breaking out of the multi-day diamond (more like a rhombus, actually), Litecoin rallied early today only to fall back briefly. But this pullback is looking like the lower level of a new 15-minute bull pennant, which has yet to be fully confirmed. Look for the price to rise back to the top of the flag, then fall to the lower end, only to rise again. Litecoin loves its flags, and this is looking like another clue that the upward trend is continuing.
Will be interesting to see how a podcast interview with Charlie Lee this afternoon (3pm PST) will affect things.
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LTC going up steadily! LitePay hype looks promising.Due to the LitePay release date on Feb. 26th, we see Litecoin's making it out of the bearish weekend to see a positive uptrend. My opionion is that LiteCoin will continue to make a gradually increase for the next few hours then shoot passed resistance line(Blue Line). Once Litecoin has passed through resistance line we will definitely see an outbreak. I'm not promising that Litecoin will make it passed resistance line so please set up a stop-limit. I have my currency already bought in at $203, and set up my stop-limit already just in case. Good Luck everybody! Please leave a like if you agree with my opinion. I am trying to get more reputation points to join the chat room. As of now I only have 10 points. 40 more to go!
LTC breakout iminentSome of this I got from MPC, but LTC is in a bullish cup and handle formation right now. It has been trading extremely tightly for the last few candles now wanting to break out of either of the thick black resistance lines, but recently the yellow line has kept it closer to the resistance line as a strong support and is the bottom of the handle formation. It's continually narrowing, so a breakout is iminent, most likely will be to the upside.
This whole pattern is trading within a flag, so support isn't too far below us, levels at 226, 211, and 197 (rounded to nearest 1). Targets for a break to the upside would be 250, 275, and 300, most of which are psychological. The first 2 targets will probably get blown past because of the LCC fork, so dumb people just wanting their forked coins. I genuinely hope it's not a scam for everyone's sake, but I also hope it is a scam for LTC's sake, and crypto's sake. A big scam like that will turn SO many people away from cryptocurrencies, and hinder everything. Buy LTC because it's LTC, not for free crap. And because a rally is also likely :)
When I say buy, do at your own risk. Im not responsible for your losses, just your gains :) jk. Have fun and be safe :)
Can this be the next target?So LTC is on a tear. Trading is fast and trend is up, solidly. LTC could reach $302 in the near future. SInce i've been trading the pair, this is a new target. Seems like you got to say. "where do i think this will go? If it seems impossible, place your order there. This is crypos not stock. What is impossible in stock is normal for crypto.
fell free to comment. thank you. I'm all in LTC.
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