Litecoin is looking strong against USD as the halvening day approaches. The block reward will be sliced down to 12.5LTC from 25 around August 6th 2019.
LTCUSD is sitting at $100 and is roughly following the upward channel printed by the pitchfork on the chart.
The highest point that the channel meets the Halvening Day is exactly at $150 so a long position from here could net 50% in profit if the uptrend continues.
We have already seen Litecoin rise from it's lows of $24 so it has already pumped 4x since mid-December but if our friend BTC keeps up the exuberance then I expect its little brother to keep rallying up to at least $130 before the Halvening.
Keep an eye on this channel and lets's see if the price will follow the hype.
LTCUSD is sitting at $100 and is roughly following the upward channel printed by the pitchfork on the chart.
The highest point that the channel meets the Halvening Day is exactly at $150 so a long position from here could net 50% in profit if the uptrend continues.
We have already seen Litecoin rise from it's lows of $24 so it has already pumped 4x since mid-December but if our friend BTC keeps up the exuberance then I expect its little brother to keep rallying up to at least $130 before the Halvening.
Keep an eye on this channel and lets's see if the price will follow the hype.
Comment:
Keep an eye out for good entries on the way up.