SwingingCrypto

Litecoin short term pattern playing mirroring Bitcoin?

BITFINEX:LTCUSD   Litecoin
Litecoin has been pretty neck and neck with Bitcoin since the run up begain late last year. A similar rising wedge pattern played out bullishly for Bitcoin increasing its price by around 32% at the time of writing. A similar move for Litecoin could push it to its Feb 2018 resistance of around $250. These are short term stops along the way to ATH and beyond.

A breakdown of support will push LTC to the rest resistance turned support of around $140. Either way, I'm holding long term. Q3-Q4 of 2021 with targets up over 4 figures.



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