New ATH target for Litecoin - 500/700 EUR over the coming days

Historic long term support and resistance line forming a very smooth flag pattern on the 4HR chart. Volume has increased in the last few days for the first time in quite a while. Stochastic RSI lines also just crossed in oversold territory. Overall pattern looking very bullish in my opinion. I also think Litecoin is fairly undervalued at the current moment - I expect significant upward movement over the next few days.

Yorum:

Update: This may have been delayed by recent uncertainty across all cryptocurrencies but I think the conclusion still stands - solid long here in my opinion. Proceed with caution.