Litecoin/USD (Daily)
Bullish on Litecoin (and the altcoin market as a whole), anticipating the altcoin market taking off within 1-6 months. From a TA perspective there are several reasons while Litecoin is one of my favorite altcoin picks at the moment:
1) Within a falling wedge pattern
2) Bullish divergence
3) Sitting just above major support area (great RR opportunity)
4) Well below the ATH, and the 2017/18 high
Entry: $98-$110
Min targets: $225 (If bitcoin breaks through all retracement levels and goes on to make a new ATH)
$580 (If bitcoin retraces and then rolls over, resulting in a major alt season)
1) Within a falling wedge pattern
2) Bullish divergence
3) Sitting just above major support area (great RR opportunity)
4) Well below the ATH, and the 2017/18 high
Entry: $98-$110
Min targets: $225 (If bitcoin breaks through all retracement levels and goes on to make a new ATH)
$580 (If bitcoin retraces and then rolls over, resulting in a major alt season)
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