We recently had the so called Litecoin Fork which created Litecoin Cash. Charlie Lee himself is calling Litecoin Cash a scam and they're simply using the Litecoin name and adding Cash to to the end of it to gain popularity. I personally haven't claimed any Litecoin Cash tokens yet, kind of just waiting a bit to see what happens with it, but if you're interested in claiming free tokens there's a bunch of tutorials on youtube that show you step by step on how to claim your Litecoin Cash tokens.
As we can see on the charts, Litecoin actually hit a double bottom in the first week of February at around $106 and we saw a reversal which brought us back to the $200-$250 range. Now we see some what of a bullish pennant. Waiting to see whether the bulls or bears going to take this pennant in a certain direction though. If you're trading this one, watch for a bullish breakout above $220. I would set a stop loss around $183. Waiting for larger volume to confirm the pattern.
If you haven't checked out our BTCUSD Chart over the last few days, please do, it's been perfectly on the Money!!!
Hit us with a thumbs up if you're liking the charts.
Cheers!
As we can see on the charts, Litecoin actually hit a double bottom in the first week of February at around $106 and we saw a reversal which brought us back to the $200-$250 range. Now we see some what of a bullish pennant. Waiting to see whether the bulls or bears going to take this pennant in a certain direction though. If you're trading this one, watch for a bullish breakout above $220. I would set a stop loss around $183. Waiting for larger volume to confirm the pattern.
If you haven't checked out our BTCUSD Chart over the last few days, please do, it's been perfectly on the Money!!!
Hit us with a thumbs up if you're liking the charts.
Cheers!
Comment:
As you can see on our charts, the bears kept control of LTC for the moment. Watch the levels at $183, we don't want to see LTC go under these levels.