Litecoin Macro Analysis - The Big Move is Coming

Litecoin Macro Analysis

Looking at BTC pairs, Litecoin and BNB are the strongest coins that currently drive the market and are almost solely responsible for the up trend.

Key Upcoming Events:
- Jul 22 BAKKT Test net launch
- Aug 6 Litecoin Halving
- Next Week - Facebook Libra Stable Coin Presentation, backed by Visa and other majors

Based on Elliott Waves, Pitchforks, Fibs and S/R Levels/Zones,
Key Targets:
Target 1: 200
Target 2: 250
Major Resistance: 180
Mode: BTFD

Prediction: We're about to start the next phase of a parabolic trend.
No major correction till Aug 1, sideways consolidation possible.
Jul - green month, Aug - red month, deeper correction that will be bought up.

Good Luck! Trade carefully! Not a Financial Advice.

Comment:

EMAs are fanning up on ALL timeframes (starting from 30 min and above) except Weekly which needs 2 more crosses. The sky is the limit. Litecoin is relentless. It just floats no matter what.

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