Blockspacecz

Litecoin: 30-75% profit potential

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
It´s not very complicated idea for today - altcoins generally are totally oversold at the moment. What we see on a weekly LTC log chart is:

- Oversold stochastic oscilator giving us long signal
- huge horizontal support on level around 50-55 USD
- sitting on support trendline of the falling wedge .

Now, guys, what else would you like to see? This is a clear buy for a swing trade. The real level where it´s gonna show us if it´s really that strong is around 75 USD (rezistance line of falling wedge and first target of 30%). If we get over this level, we´re heading to next targets:

- 85 USD (50%)
- 100 USD (75%)