Sporia

Litecoin Caution over 1000 Dollars

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
A long time ago i discovered a trend line for Bitcoin that stems from the start of the coin. I have posted about these lines for a while now in Bitcoin but they appear in other coins born from 2015-2017 latest. I call these Genesis lines , they always have important reaction events throughout the coins history take a look at the Bitcoin one below .


As you can see this massive trend line was support then flipped resistance , same thing that's happened with LTC.

So if price is entering the red box and coming into the week of May 16th 2022 it will most likely be the best moment to sell , to think we going higher in this zone would be a emotional mistake and way to risky , take profit and walk away , to bet against this mufti year resistance line is a gamble one should not take.


Once LTC closes a weekly above the 0.618 at 270 dollars , it will trigger maximum momentum .