"Arise, chikun, chikun arise."
Litecoin's price has been suppressed since the last bullrun (both in terms of sats and in USD). Based on the charts, I think it's about darn time that it pumps the hell up.
As you can see, LTC broke above the 2-year downward resistance (yellow line) and stayed above it despite the recent market correction. There had also been a bullish divergence before the pump (green lines).
Oh, and look at the sheer amount of volume the past several months as well. It indicates strong accumulation.
My short-term prediction is that it should at least re-test the 2018 downward resistance (purple line) which is a 50%+ pump away. If it breaks that, then we should be in for more upside. I wouldn't go that far yet though, so we'll see how it plays out once chikun touches that line. For now, that line is the target and I'm long LTC.
Litecoin's price has been suppressed since the last bullrun (both in terms of sats and in USD). Based on the charts, I think it's about darn time that it pumps the hell up.
As you can see, LTC broke above the 2-year downward resistance (yellow line) and stayed above it despite the recent market correction. There had also been a bullish divergence before the pump (green lines).
Oh, and look at the sheer amount of volume the past several months as well. It indicates strong accumulation.
My short-term prediction is that it should at least re-test the 2018 downward resistance (purple line) which is a 50%+ pump away. If it breaks that, then we should be in for more upside. I wouldn't go that far yet though, so we'll see how it plays out once chikun touches that line. For now, that line is the target and I'm long LTC.
Trade active:
Chikun has risen. Playing out the way it should be. Purple line, here we come...
Trade active:
Hope you bought some LTC. Getting really close to my initial target now.
Trade closed: target reached:
BOOM! Hit the purple line exactly. Selling a few here and letting the rest run. :)