BGMind_Control

LTC weekly looking bullish

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
If BTC suddenly doesnt dump on us LTC is looking very bullish . We created this 4 month bottoming pattern after the covid crash and pumped a leg higher and now the price is squeezing between the upper resistance line and the 21 weekly EMA . The longer we stay in this range 55- 65 dollars the higher the probability that we will break the resistant line and break t words 80 bucks. From my point of view if you are a long term investor in LTC there is absolutely no point in exiting the market here. The risk reward ratio is way too favorable for the bulls, 20 to 1 in my opinion for the bull cycle. Most believers in LTC are expecting 1000 bucks,but i think we can easily reach 2, 3000 in a blow off top, especially with the new mimble wimble narrative that has formed.

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Hope you are right 🥂
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