umutkeltek

LTC Looks Solid!

Long
umutkeltek Updated   
BITFINEX:LTCUSD   Litecoin
To be honest, everything seems perfect but that makes me scared. Every increase trend hold the price which makes me think people trust LTC. I believe this is caused by belief in past price movent in bull season in 2018. The second reason is LTC is listed on Paypal and LTC has lowest unit price which may create an idea that the price will rise more rather than the other cryptocurrencies for newbies. So it may create fomo and the price may increase sudden like 2018 bull market. Lets hope our Chinese friends helps us to create fomo.

My first price target : 97 USD
My second price target: 143 USD
Comment:
Forget to mention, sudden moves of BTC can cause losing the trend line but I believe previous trend line will hold the price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.