SebastianofMoon

Time to look at good ol' LTC again

Short
BITFINEX:LTCUSD   Litecoin
Ahhh LTC, my old friend.
I bought a lot of you back in 2015, and I didn't regret it.

Of course, I was a bit pissed that ripple, ETH, and dash pumped much more, but I don't hold a grudge, because for me,
it all started with LTC.

That is the restart in 2015, because when I started with coins in 2013, I managed to lose all XD

Well, now let's take a look at the LTC longterm picture. LTC is amazing in its perfect exponential decline from the top.
It was the same in 2014-15, and it looks to be the same now.

I don't think that LTC will go through the resistance at 50 USD, I would be amazed if it did.

Then bottom in march-april together with BTC. I don't know how low exactly, somewhere around 10 USD maybe, plusminus.
Could be 7. Could be 13.

Then the halving in Summer 2019, it will be a nice pump I suppose.

If one trades this well, it could promise some nice gains.

Good luck to all !
Comment:
I should mention that you can draw the logarithmic resistance also pessimistically, where LTC then suddenly is quite far away still from that line:


Because LTC will just follow BTC, that's what I think will happen within the next weeks with LTC.

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.