Chikun Arise! Long LTC!"Arise, chikun, chikun arise."
Litecoin's price has been suppressed since the last bullrun (both in terms of sats and in USD). Based on the charts, I think it's about darn time that it pumps the hell up.
As you can see, LTC broke above the 2-year downward resistance (yellow line) and stayed above it despite the recent market correction. There had also been a bullish divergence before the pump (green lines).
Oh, and look at the sheer amount of volume the past several months as well. It indicates strong accumulation.
My short-term prediction is that it should at least re-test the 2018 downward resistance (purple line) which is a 50%+ pump away. If it breaks that, then we should be in for more upside. I wouldn't go that far yet though, so we'll see how it plays out once chikun touches that line. For now, that line is the target and I'm long LTC.
