Litecoin (LTC): A Pathway to Breakout of the Bull Flag Pattern
SUMMARY
Litecoin (LTC) has a bit of a combination where the first corrective pattern was a downward wedge but the second is a bull flag. I believe the bull flag could be matured enough to generate a breakout. In prior posts, LTC had held the baton generating price moves ahead of Bitcoin (BTC). It could still do so.
The MACD is also quite ripe for an upside resolution. Even if the breakout turns out to be a bounce, from a percentage scale, it should still be significant. For any who have zero cash at hand; this could be an opportune time to farm for cash.
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there are many development in ltc recently so it does deserve a breakout
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Litepay is coming soon to be used with credit cars, should give it a healthy boost if everything works out!
litecoin will go to near 200 usd
According to my Correlation / Volatility matrix, Litecoin has a correlation to BTC of 0.92, which is very close to a perfect link.
BTC is very bullish in the medium term therefore I agree with this analysis, LTC has high bullish potential.
For more information I'd recommend everyone check out my blog for the report "The stockmarket / BTC correlation nobody is talking about!"
Already a big morning for Litcoin thus far! It's been hovering around $120, and that's a nice little correction zone to stay in...although I have a feeling we will see something nice towards the middle and end of next week. -Respect
Impressive😉😉
for some days Litecoins price is dwindling between $111 to $118. So, there is not much price volatility in this crypto. However, I missed a chance when I had an opportunity to buy it at very low price just a week ago when Indian Central bank announced to ban cryptocurrency trading in India and this announcement dipped the prices of cryptos very low.
Could go as low as 80$ imo, if you do not have some and have cash you can buy now, LTC could reach 500$ by next year, it will be a good buy anyway.
I recently, bought some litecoins. let see what happens.
Yes. I speculate LTC and Dash breakouts will be predecessors to BTC breakout.
Lets see if the recent lows of $108 hold. If RSI start moving up, a breakout is very possible. Short term target is $140 where there there was a stack of sell order prior, but I think those orders got filled on 4/3 (green candle above yellow line).