Litecoin a great opportunity (2)

5 May 2021

Hello!

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 Ethereum a great opportunity 2020 which just hit it the target


Not an finacial advice and always use a stop loss, or you will get your ass burned

-Jebu

5 May 2021

Not

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

5 May 2021

Not

And monthly RSI break

5 May 2021

Not

Remember that these doesn't mean an certainty that we will go up. Anything can happen, anytime!

5 May 2021

Not

Also beautiful looking cup and handle on Ltc/Usd