Litecoin (LTC) Going to $100 in March of 2020

Whilst the exact dollar value of LTC is highly dependent on BTCUSD, I believe the LTCBTC value is set to double it's value by March in 2020. There is confluence with the long term descending resistance and FIB from the major waves over the years. I am still questioning whether LTCBTC can break through this important descending resistance or if it will fail. If the later case occurs, I believe the price will print a cup and handle and the technical analysis would therefore indicate high probability of a second local attempt to break through the resistance. LTCUSD could easily see prices above $200 in 2020, and if crypto continues to grow, I see LTC remaining an important asset. Currently, I am liking this pattern and watching it closely, whilst slowing buying small amounts into a high reward position.

Not financial advice.
Timmy.

تم فتح الصفقة:

Watching closely. If BTC trades laterally then money should flow into altcoins and target should be easily reached.

تعليق:

BTC is trading laterally and ALT Coins are getting pumped. LTCBTC looks set to approach 0.095

تعليق:

I hope nobody is selling these bear traps. The price is looking very bullish atm and nothing is able to hold it down.