HI guys,
Litecoin has been struggling to gain momentum in the past few months but its lagging behind other crypto assets.
Does it mean its dead? i dont think so.
LItecoin stayed side ways for a long time, now its starting to pickup momentum.
A solid Potential double bottom has been sighted and confirmed by recent bullish GOLDEN CROSSOVER (50/200 Ema Crossover).
However in order for the double bottom to sustain, this bullish crossover must remain intact.
And then we have a good long term target which is 250 dollars in coming months.
However, depending on market condition, you can take profits around 100 -150 mark as well and look for re entry.
Best of luck
Please like and subscribe for more analysis.
Thanks
Litecoin has been struggling to gain momentum in the past few months but its lagging behind other crypto assets.
Does it mean its dead? i dont think so.
LItecoin stayed side ways for a long time, now its starting to pickup momentum.
A solid Potential double bottom has been sighted and confirmed by recent bullish GOLDEN CROSSOVER (50/200 Ema Crossover).
However in order for the double bottom to sustain, this bullish crossover must remain intact.
And then we have a good long term target which is 250 dollars in coming months.
However, depending on market condition, you can take profits around 100 -150 mark as well and look for re entry.
Best of luck
Please like and subscribe for more analysis.
Thanks