Litecoin has finally broke its 616 day long wedge pattern against bitcoin. I think this baby will fly. Look where dogecoin is, which is a meme, a joke made out of litecoin or whatever! We broke the 50ema (red arrows) and The vertical resistance box where price has had resistance which shows bullish rotation
If we break the 200ema and turn it to support I am quite certain we will head to 0,017 - 0,018 sats
IF we bounce back to the 5600 sats level, you can get there and risk/reward of 45!
Targets are 40% 75% 210%
Check out my which just hit it the target
Not an finacial advice and always use a stop loss, or you will get your ass burned
-Jebu
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Here we have the chart on daily timeframe Where we can clearly see the "used to be" resistance level 5400-5600 sats. This is the area which will most LIKELY work as support now that we have broke it
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And monthly RSI break
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Remember that these doesn't mean an certainty that we will go up. Anything can happen, anytime!
@ejafari01, Don't thank me yet ;) If you do take trades use stop loss my friend. Bitcoin can drop 10k in an hour like we have seen.
Cheers
Elijefri
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How much in usd????
PalenTrade
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@ejafari01, I'd say the max target which I put there is around 1k. 200% (of course we can go less or more too). Depends on the bitcoin too.
Right now the markets do seem quite heated up so I wouldn't be surprised if we get an pullback to shake some longs off