kazzic

Litecoin setting up for an incoming awesome play!

Long
kazzic Updated   
BITFINEX:LTCUSD   Litecoin
Litecoin looks to be an excellent play in the coming days!

Technicals:

The 100 day and the 38.2 fib level intersect on the LTC/USD chart right at $170, and we're just about to hit that level

RSI looking healthy, MACD bullish, looks like the rocketship is getting ready for liftoff!

Good buy-in opportunity right now if you're an absolute LTC bull (risky, a bit more profit), otherwise if you want to play it safe, wait for it to confirm above $170 before getting in on this play (safer, a bit less profit)

Fundamentals: Litepay and Litepal are huge developments, and have come just in time as the market is showing bullish signals again. The more that these new technologies prove themselves, the more LTC will soar!
Comment:
UPDATE: (2/14/18)

As you can see, in just a few days this play was SUCCESSFUL :D

Enjoy the gains guys!
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.