After a big drop since the last week or so, Litcoin just hit a key resistance which indicates us that the trend has changed and went from bearish to bullish . Since it's beginning in the cryptoworld, litecoin has seen a beautiful rise. There are no indicator that tells us that it's rise is finished. We know that a crypto can't go up for eternity, it has to do retracements and this flag pattern is the perfect example of one.
If you look at my other analysis I posted earlier today on NEOBTC -5.15%, you can clearly see that a lot of currency that are linked in a way or others are doing a really similar pattern. This pattern is the exact same than what ethereum did when it fell from about 400$ to 200$ before going back up to his higher price ever recorded
As expected, Litecoin just broke the flag, it is considered as a key indicator that tells us litecoin is going up again. I expect it to go as far as his previous highest price recorded. To see the initial analysis I made on LTCUSD, simply go on my profile to check the details ( I also linked it to this analysis, see below).
For more complete analysis like that, simply follow me. I will post A LOT of analysis about crypto in the next year or so, so you guys can get better at spotting opportunity and make some money with me.
If you have any question, feel free to ask, I will answer ALL of them.
hi Nathan, thanks a lot for your analysis, what conservative entry point would you recommend ?
nathanozaur-crypto
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@diegoalonso, I think now would be a great time to enter since it has alredy made its pullback
CryptoFortune
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You think it will hit a new low this week though? Or you think its going up? There is two scenarios to this..
nathanozaur-crypto
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@CryptoFortune, No, it has done its pullback last night so I expect it to always go up since now and not go any lower than this point, so now would be a great time to enter
CryptoFortune
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@nathanozaur-crypto, Thanks. Im going to hold off my forecast because im seeing a lot of lowering happening tonight. Looks like we have some separate thoughts which is okay! I vote it will lower some more than possible pull back.