Much like we discussed with XRP, Litecoin is also a sleeping giant that is about to awaken as alt season rages on. Litecoin has been forming this falling wedge for over 2 years and has reached a technical level that has served as support in the past. This is a good entry point before we see a potential breakout, and sure towards resistance levels above.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
do you think it will retest the 0.032 btc level or most likely up from here since monthly rsi just crossed?
CryptoSyphn
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@cb1496, Not likely at the moment, Might see a little consolidation, but overall I think it will push higher before having any decent pull backs.
zachdub
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It happened, it broke out – do you think they’ll be a lot more growth?
CryptoSyphn
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@zachdub, Absolutely. I don't take short-term trades, I think it's reasonable to think we'll see a lot more upside. Also, It has not broken the resistance just yet.