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Tolberti
Jan 14, 2022 2:40 PM

Litecoin LTCBTC - 2022 Year of Litecoin! + Falling wedge Long

BINANCE:LTCBTC1W
Litecoin / BitcoinBinance

Description

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- We have a huge falling wedge - reversal pattern on the weekly timeframe.
- Looks like LTC can finally pump in the near future and 2022 can be a great year for litecoin again (make litecoin great again).
- If you take a look at RSI indicator, we can spot a bullish divergence.
- Profit target is 0.618 FIB retracement.
WedgeOscillatorsFibonacciLitecoin (Cryptocurrency)LTCBTCLTCUSDTLTCUSDFalling WedgeFibonacci RetracementBullish DivergenceDivergence
Comments
without_worries
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What about the broken market structure on the 2-week chart - is that a concern?

Tolberti
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@without_worries, Yeah i know, definitely can be a concern.
qizahluzd75
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still relevant???
Tolberti
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@qizahluzd75, Yeah, the price is now above the 2 trendlines, but at the same time, we are making a new record lows, so it is kind of unusual.
goshetovan
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Everyone and their mother is expecting this. I hope you're right.
Tolberti
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@goshetovan, haha, yeah
BearManalow
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great work, thanks!
Tolberti
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@BearManalow, THank you!
Mihai_Iacob
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Yes, i also believe litecoin can pump hard
Tolberti
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@OptimoomFX, Let's see!
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