DarkPenciI

LTC halving coming up

Long
COINBASE:LTCUSD   Litecoin
LTC looks the most bullish from the majors and with halving coming up in less than 60 days we may see some parabolic moves before it. I believe we are currently in a 1-2 1-2 of an extended 5th wave of the entire move which lines up with the parabolic shape of the move as well as the price refusing to go beneath support levels while btc was correcting. Currently back in half of the positions I sold back at $117 looking to buy back more on the next retrace. The breakout of the LTC/BTC pair gives confidence to this trade. Current target is set at $250 before August 6th, but will be locking in profit as I see fit by how explosive the move is and shallow the retracement.

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