BGMind_Control

LTC weekly looking bullish

Viés de alta
BITFINEX:LTCUSD   Litecoin
If BTC suddenly doesnt dump on us LTC is looking very bullish. We created this 4 month bottoming pattern after the covid crash and pumped a leg higher and now the price is squeezing between the upper resistance line and the 21 weekly EMA. The longer we stay in this range 55- 65 dollars the higher the probability that we will break the resistant line and break t words 80 bucks. From my point of view if you are a long term investor in LTC there is absolutely no point in exiting the market here. The risk reward ratio is way too favorable for the bulls, 20 to 1 in my opinion for the bull cycle. Most believers in LTC are expecting 1000 bucks,but i think we can easily reach 2, 3000 in a blow off top, especially with the new mimble wimble narrative that has formed.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.