LITECOIN Looking To Continue 4-Week Up Trend
For pushing four weeks (four weeks on Thursday), Litecoin has been rocking it, more than doubling in price. Signs are starting to look decent for a continued run.
Of the big three, I'd say LTC is the strongest. The moves to the upside are typically greater than with ETH or BTC. In addition, we see the strongest trend with the longest higher high higher low pattern. Of course, we need to see this play out further.
Right now, we're mid what looks to be a cup-and-handle pattern forming. If it plays out as a normal chart pattern, we should have just hit the low not too long ago and will now be looking ahead to form the right side of the cup. $211-$233 is a pretty resistance heavy region though. The volumes have been a little bit higher sustained and we're stuck at the current level for going on two weeks.
A break of the $233 resistance would see a test of $250 followed by $260.
Market is looking good
Thinking so! BTC is about to break trend line.
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I'm a big fan of LTC...its a better gateway of funds into Crypto off of Coinbase with lower fees than BTC and ETH. Both are seemingly unable to get out of their own way for the benefit of their users.
Yea fundamentally better than BTC but still only has one use case.....wealth transfer. I don't think those types of cryptos will succeed long term IMO
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LTC is gonna pop hard... is just lagging as always but when bull starts will be huge.
By the charts it's the best one....and yea correlation is slightly broke so I'm thinking movement after this consolidation :D