LTCUSD $130 daily chart

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Well if you can see there are always two side to the coins, some bias for major correction base on the news that CME will launch the future market. But lets cut the noise and stick to what we can see, I am no insider anyway. Base of the chart, this coin should go at least $130 before the new year. We have approximate 8 hours from now to see if this current daily candle stand at 95+ level, if it does then this analysis is valid, if not then we might see some correction to 70s zone again (which I don't see the reason as there were correction couple of days before and theres a quick reject to those area, where I be updating.The momentum indicators show some bearish sign, but looks still have that one final push to $130 area. I was right the last time lets see if how this one unfold. So if you don't have a position its mid trend entry here, so watch for the price stand and if it does I think we can see 30%+ profit. Good luck.
Trade closed: target reached: 6 daays to target job done!
If will go under $90 again?
Ronnaritta sb_xiong1989
@sb_xiong1989, if it does I will be buying aggressively
I agree the whales are letting whoever wants to leave, leave the market before pushing the price higher. We hanged out around 100 for too long for this not to be the case. Bears going to get maced.
@MertB,thanks for your comment. BTW if you want to add reason (which honestly I don't take into account because I have not an insider so I don't know its true or a FUD) to that Bitmain which sells mining machines for this coin have to push this coin up to keep selling their machines at good price, I see no reason for this coin to crash and kill themselve, unless they want to exit the market but I see no point if I were them.
MertB Ronnaritta
@Ronnaritta, Litecoin is already alive it doesn't really need Bitmain to do anything about it because it is fundamentally one of the strongest coins in the market, and has the most future utility right next to Bitcoin and ETH. It has a bright a future because it'll grow along side with Bitcoin likely at a faster rate than Bitcoin in the long run. I didn't think of the mining argument that way. But you are probably right... Since Bitmain made it so Bcash could fork by supporting them with their pool. They certainly have the power, and it would be in their best interest to invest in Litecoin in someway since they sell the mining equipment after. It's all good in the long run. IMO.
@MertB, thanks for the info :)
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