SebastianofMoon

LTC: Breakout time approaching

Long
POLONIEX:LTCBTC   Litecoin / Bitcoin
LTC, as well as the other coins, is printing a really nice structure, ripe for breakout.

Namely, we have a huge bullish divergence in the RSI on the weekly timeframe, while LTCBTC is falling.

LTC is a ticking timebomb, ripe for a brutal rally, same as many other altcoins. We can go as high as the historical falling resistance line which I drew.
Comment:
For LTCBTC I see a zigzag move as back in 2017. We might now hit the upper resistance, then when btc starts rising massively, ltbtc dips, and then a second run later in the year, at the BTC top.


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