shubbs

LTC Weekly Long term chart

Long
BITFINEX:LTCUSD   Litecoin
Litecoin (LTC) on the long term weekly chart is replicating the sideways consolidation move of 2015. In June 2015 LTC went over the $3.15 50 wma significantly and later came back to the 50 wma as support. LTC is now approaching the 50 wma again this year at $67. If it goes over it significantly and then retraces to the 50 wma as support, it tells me the sideways consolidation pattern is repeating in preparation for a more significant bull market in 2020.

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