After a big drop since the last week or so, Litcoin just hit a key resistance which indicates us that the trend has changed and went from bearish to bullish . Since it's beginning in the cryptoworld, litecoin has seen a beautiful rise. There are no indicator that tells us that it's rise is finished. We know that a crypto can't go up for eternity, it has to do retracements and this flag pattern is the perfect example of one.
If you look at my other analysis I posted earlier today on NEOBTC -5.15%, you can clearly see that a lot of currency that are linked in a way or others are doing a really similar pattern. This pattern is the exact same than what ethereum did when it fell from about 400$ to 200$ before going back up to his higher price ever recorded
As expected, Litecoin just broke the flag, it is considered as a key indicator that tells us litecoin is going up again. I expect it to go as far as his previous highest price recorded. To see the initial analysis I made on LTCUSD, simply go on my profile to check the details ( I also linked it to this analysis, see below).
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