LTCUSD
is set for a big run both technically and fundamentally. LTC is not far off its low at this point and looks like a sleeping giant. Everyone talks about ETH and its true Ethereum is a juggernaut and will see significant upside. Litecoin is flying under the radar. This setup is ripe. Litecoin anywhere under $50 is an easy 2x in 3 months with the possibility of 3-4x. Litecoin blazes the trail for Bitcoin. One weekly close above the 200 EMA is all it will take for this one to 2x and then some. Litecoin could have an explosive rise in August.
How I plan to trade this...
Look for the Metroyska doll style nested H&S formations. Buy on the neckline on the way up and sell on top of the shoulder on the way down. The stage is set for 3 jumps up and based on past performance 3 down. Stick to the daily charts and longer time frame. I will post another chart in the future detailing this.
Enough of the technical lets look at whats coming. One word "MimbleWimble" The groundwork has already been laid for implementing this hot new security protocol. In order to get there the project team needed to update the core code as well as the lightning network code. Both of these tasks are completed, in production environment, and running smoothly. The team is looking to release an update to the test network in September. Take a look at the new articles linked below for more details.
litecoin.com/en/news...lewimble-june-update
litecoin.com/en/news...s-released-core-0181
litecoin.com/en/news...aemon-v0101-released