LTCBTC About to Moon Beyond Your Wildest Imaginations
The chart is self-explanatory. What we have;
1) Oversold.
2) Multi-year support held (on this chart, 3 support zones are visible, if you switch to BitFinex, which has more data, even more are visible)
3) Falling wedge -> breakout confirmed
4) Hammer candle before the breakout
5) The target of a successful falling wedge breakout is the top of the falling wedge, which is around 0.017. In other words; potential +/- 300% profit coming. Breakout of that target will see LTC shoot up to 0.022 and possibly higher.
6) LTC development going strong (fundamentals)
7) Upcoming Litecoin Summit (October 28 - 29, 2019)
1) Oversold.
2) Multi-year support held (on this chart, 3 support zones are visible, if you switch to BitFinex, which has more data, even more are visible)
3) Falling wedge -> breakout confirmed
4) Hammer candle before the breakout
5) The target of a successful falling wedge breakout is the top of the falling wedge, which is around 0.017. In other words; potential +/- 300% profit coming. Breakout of that target will see LTC shoot up to 0.022 and possibly higher.
6) LTC development going strong (fundamentals)
7) Upcoming Litecoin Summit (October 28 - 29, 2019)
