I've published the very same pattern back in December 2018 when the previous Bear Market was at its lows and while everyone was panicking, called for a potential Bottom on Bitcoin and a Bull Run to follow.
Why? Simply because of the Litecoin break-out relative to BTC. As you see on this very simple chart, every time the LTCBTC pair breaks its Lower Highs...
LTC has broken the long-term resistance line and the buying pressure is quite good enough to push prices to the 70$ and 85$ zones in August and mid-September.
If LTC can break out of the 85$ zone, we will continue holding LTC for the 110-115$ target
Litecoin (LTCBTC) has been gaining momentum after strong consolidation... Can easily move higher.
You can read the previous article on the daily (D) timeframe for additional information, the chart remains the same:
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Someone asked me if I could do an LTCBTC analysis, and here is my view.
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will...
Yeah, really, i hope you are ready for this move.
Looks like end of 2020 will be massive in crypto-gains.
Do not forget to buy low and sell high.
My personal levels for sell are on the chart.
chart patterns looks very attractive, you may notice how price forming triangle shapes on the way and creating one giant triangle for last year.
Current prices are quite...
LTCUSDT forming global reversal pattern - falling wedge
We are near the resistance line of the wedge, also you can see MA 200.
If we break these resistances we will reach 63$ per coin
Best regards EXCAVO
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In this analysis, we explore Litecoin's daily chart in order to assess its breakout pattern and potential targets by identifying resistance zones and using the Elliott Wave theory.
- To begin with, Litecoin has broken out of a bullish...