Hi Traders,
I've been analyzing Litecoin for a while, i've seen all the news of how Litecoin doesn't have any development on it and so on. This is all just FUD, trust the charts.
Litecoin peaked at 140 back in June, and just like every other coin it has been consolidating down and accumulating. All these coins look the same on charts and they all seem to follow Bitcoin.
Price has been in the channel of $66-76 for a little under a month. Take a look at the end of Aug. to early Sept., the price dipped below $66 support briefly, with an aggressive candle down.
I marked all the manipulation candles that forcefully break price below a key level with red arrows.
I'm confident that Litecoin has bottomed out in price, and is now on its way to a big parabolic rise up just like Bitcoin. This sudden dip to accumulate more litecoin below the $66 level looks EXACTLY like the bottoms of all these parabolic moves. Take a look at Bitcoin and Ethereums bottoms, these candles look the exact same. I can't stress that enough.
Once Litecoin regains its $76 support, closing above the $95 support is light work. I'll post another chart as we start moving up, but right now is a great time to accumulate.
I don't use indicators, but taking a look at the 30MA and the 100MA, they're about to cross, which is a signal to retail investors to start hopping on the Litecoin train. That's how moving averages work, they generate interest in the market. Most retail investors, especially on Binance, only use 7,25,99MA. I'm a step ahead with my 30,100MA, so I can tell you that retail investors will see this buy opportunity.
I stand by a $180 Litecoin by EOY, trade at your own risk.
Follow for updates on new Litecoin charts.
I've been analyzing Litecoin for a while, i've seen all the news of how Litecoin doesn't have any development on it and so on. This is all just FUD, trust the charts.
Litecoin peaked at 140 back in June, and just like every other coin it has been consolidating down and accumulating. All these coins look the same on charts and they all seem to follow Bitcoin.
Price has been in the channel of $66-76 for a little under a month. Take a look at the end of Aug. to early Sept., the price dipped below $66 support briefly, with an aggressive candle down.
I marked all the manipulation candles that forcefully break price below a key level with red arrows.
I'm confident that Litecoin has bottomed out in price, and is now on its way to a big parabolic rise up just like Bitcoin. This sudden dip to accumulate more litecoin below the $66 level looks EXACTLY like the bottoms of all these parabolic moves. Take a look at Bitcoin and Ethereums bottoms, these candles look the exact same. I can't stress that enough.
Once Litecoin regains its $76 support, closing above the $95 support is light work. I'll post another chart as we start moving up, but right now is a great time to accumulate.
I don't use indicators, but taking a look at the 30MA and the 100MA, they're about to cross, which is a signal to retail investors to start hopping on the Litecoin train. That's how moving averages work, they generate interest in the market. Most retail investors, especially on Binance, only use 7,25,99MA. I'm a step ahead with my 30,100MA, so I can tell you that retail investors will see this buy opportunity.
I stand by a $180 Litecoin by EOY, trade at your own risk.
Follow for updates on new Litecoin charts.