As you can see from the chart LTCN has very little resistance from $28.50 to CSE:TO 95 dollars. Once LTCN gets above $28.50 and closes above prefereably on a daily then its game on in my opinion. Next stop would be $95 and then $200 both areas of probably light resistance. The heavier resistance comes in at the prior all time high at $458. The move to $90 could happen very quickly and then from $90 to 200 even faster. I cant predict the timing but it could be as fast as a couple weeks and maybe up to 1.5 months. I think some where in between based on prior moves LTCN has made.
Good luck out there my friends. Check out my Litecoin analysis as well I am updating daily. Also if this adds any value to you please like it and follow me for future updates. Thank you
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Grayscale selling ETH and ETC and buying ALOOT more Litecoin
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Im letting it ride. At least another 100% gain from here to about $100 before any sort of pullback I think.
Nice analysis here. Let me provide my observations to corroborate. I sold my LTCN position as BTC topped mid-month expecting it to drop, but it barely budged, so I quickly bought it back. IMO, given that the underlying asset is PoW makes it a stronger holding in this environment, and of course the up-side potential.
Bitgolder
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@mattmax2020, Trying to sell and buy lower in a bull run is dangerous in my opinion.
mattmax2020
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@Bitgolder, agreed. I was lucky to get back in. Not so lucky with a different holding. Live and learn. Look forward to your future updates here.
Bitgolder
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@mattmax2020, Investing is hard and the market moves in ways to trick the average person into getting "chopped up" . best strategy is just buy and hold on the macro scale. Look at charts on a monthly candle vs daily or hourly per se