(Test Post) Litecoin LTC - Technical Analysis - Re-accumulation Period

in #litecoin7 years ago

Hello!

To be honest, this is my first post on the Steemit network and I just wanted to give it a try. I plan to use this platform to share important crypto updates as well as technical analysis on a variety of cryptocurrencies.

This is going to be a really basic chart markup as I get used to this platform, so for that I apologize.

However, here is a basic channel chart of Litecoin and my projections (based off of more than just what is shown here) for LTC's run up to about $500 mark; during the total capitalization run to $1,000,000,000,000+

Screen Shot 2018-01-13 at 11.13.36 PM.png

Accumulation happening between $210 and just under the $300 price point for a few weeks. We've recently saw some nice added volume in these past few hours and maybe continue to see this back up to the $300 price range.

Any new intraday/week highs will help our bias for a push to $500.

As always; this is just my opinion and should not be taken as any sort of financial advice.

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