Litecoin LTC - New bull market! The downtrend from 2018 is over.
- In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
- On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
- As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
- The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
- This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
- I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
- For more ideas, please hit "Like" and "Follow"!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.