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!
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This is why I think LTC will reach 2,000; there is more evidence but this is the most straight forward answer.
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Stoch RSI is ready for more sideways, and upward moves on the day chart.
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OBV still trending up.
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So far 2 bull quarters, 1 bear quarter, and we are currently in a bull quarter likely followed by another bull quarter. Patience!
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Fans are also almost complete.
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Litecoin is taking it's time in the fans. I think we should break through them by January 9th. Patience.
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After a healthy consolidation period. LTC is set up to break the fan!
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MACD setting up to turn bullish on the day chart.
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Fan has broken! :D
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Doom and Gloom talk = new ATH in 2 weeks
