Hello Fellas, this current post will be about Litecoin! let's get it started!
Looking at the chart, I found a 3 highlighted aspects that make me very confident to taking this coin as one of my investment in the next 3 months or a year ahead. with a 162% potential return.
Those aspects based on my technical analysis are :
1. It is now moving at the 78.6 fibonacci retracement level which is around $53 - $50 region
2. Coming very close to the all time support trend line in green line!
3. A beautiful bullish falling wedges pattern.
However, At the weekly chart, we have seen an initial break out of the 200 MA as the dynamic support and the price now is still trending just slightly below this previous support. Doing the Dollar Cost Averaging is the most wise choice to do and don't ever think that this will happen in an overnight pump. we will need time and extra patience for a trade like this!
Thank you
Looking at the chart, I found a 3 highlighted aspects that make me very confident to taking this coin as one of my investment in the next 3 months or a year ahead. with a 162% potential return.
Those aspects based on my technical analysis are :
1. It is now moving at the 78.6 fibonacci retracement level which is around $53 - $50 region
2. Coming very close to the all time support trend line in green line!
3. A beautiful bullish falling wedges pattern.
However, At the weekly chart, we have seen an initial break out of the 200 MA as the dynamic support and the price now is still trending just slightly below this previous support. Doing the Dollar Cost Averaging is the most wise choice to do and don't ever think that this will happen in an overnight pump. we will need time and extra patience for a trade like this!
Thank you