Just an idea ^^ What are your thoughts?
If LTC breaks the blue line (resistance line) and then the trend line which collides with fib level 38% we will have an uptrend on our hands :) There are still a few resistance lines it has to cross before clear skies. Those are the blue dotted lines. The current target is 0.01148876 which is the first resistance line it has to break.
We can see an inverted cup and handle forming. This means we will have a short upward pressure before it breaks our support line and goes down. PS: This is just how I read the chart so don't take anything for granted. Feedback is always welcome ;)
We can see a head & shoulders pattern what usually means that an upward trend is ending but in in this case i believe it means the end of a downtrend. DCR has been going down for some days before it reached this pattern and its still going a bit downtrend. I believe that it will stagnate a bit but will be going up soon so its good for a long. I estimate +/- a...
Since segwit lock in LTC has been steadily going up and now that it is finally active we can expect LN soon. After this a lot of other features and technologies are going to come so I see a good future for LTC. This post however is only a small forecast for the next couple of days. A preview of how the chart may react ;). I believe that once it breaks that wall it...
This is the first time i do this but I believe btc might have a correction soon. Chances are it might even go to 2000$ before going down but this is my prediction.