Litecoin LTC Will Surprise You!

19 нояб.

Hello, Skyrexians!

According to your activity we can see that you are interested in old altcoins. We have already considered DOGE and XRP, today it's time for LTCUSD . In our opinion Litecoin can show the best performance in this bull market.

Let's take a look at the weekly time frame. We can see that bull run in 2017 was the global impulsive wave 1. After that price is going sideways for 7 years! We assume that this is global wave 2 in shape of flat correction which has the clear ABC structure. This wave has been finished inside the 0.61 Fibonacci retracement level.

Current price action looks like pre-pump formation. We can see that Bullish/Bearish Reversal Bar Indicator [Skyrexio] printed the green dot recently. As you can see in the past this is very strong signal which will likely lead to a great uptrend. This uptrend is going to be global wave 3 which has the targets between 1.61 and 2.61 Fibonacci levels at $740 and $1200.

Best regards,
Skyrexio Team

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