Litecoin Fans
Litecoin is currently in the process of building support. The break of the first fan confirmed support at 250. Break of the second fan will confirm support at 275, and will likely allow LTC to break resistance at 375-380 to continue moving up to new ATHs. Expect a surge in volume around 375-380 (current resistance). As long as 275 holds during our period in the new fan, LTC will continue moving up. Future is looking very bright for LTC, in 2018 Litecoin is easily going to break 2,000 (and probably even go higher).
I think the move we had earlier to 275.01 was our dip, if that is the case we should not visit 275.01 again! Either way more sideways action = greater and more stable upward action. Patience!
As usual ignore the FUD. Charlie is boss!
I think the move we had earlier to 275.01 was our dip, if that is the case we should not visit 275.01 again! Either way more sideways action = greater and more stable upward action. Patience!
As usual ignore the FUD. Charlie is boss!
Note
This is why I think LTC will reach 2,000; there is more evidence but this is the most straight forward answer. Note
Stoch RSI is ready for more sideways, and upward moves on the day chart. Note
OBV still trending up.Note
So far 2 bull quarters, 1 bear quarter, and we are currently in a bull quarter likely followed by another bull quarter. Patience!Note
Fans are also almost complete. Note
Litecoin is taking it's time in the fans. I think we should break through them by January 9th. Patience. Note
After a healthy consolidation period. LTC is set up to break the fan!Note
MACD setting up to turn bullish on the day chart.Note
Fan has broken! :DNote
Doom and Gloom talk = new ATH in 2 weeks
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