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Kelly_John

Litecoin buy-in opportunity. Potential double.

Long
Litecoin / Bitcoin (BITFINEX:LTCBTC)  
Kelly_John Updated   
BITFINEX:LTCBTC   Litecoin / Bitcoin
Sine Wave Parallel Channel Oscillators
15
2
sinewave parallelchannel oscillator
After a hefty sell-off, Litecoin has reached the bottom of a horizontal channel. If the sine pattern continues, Litecoin should double by the end of September. The RSI has reached the oversold zone and the bottom of it's sinuous oscillation, signaling a price reversal as well. Buy around 0.01 BTC and sell at 0.021
Comment:
Litecoin never quite reached its target after the Bitcoin sell-off, but it has returned to its former 0.01 floor. The RSI is once again oversold, and a reversal is likely. There is little risk in opening long trades at the current price.
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