Massive LTC falling wedge forming, which is an ultra-bullish reversal pattern, especially on longer timeframes.
Combined with Stoch RSI being being at the bottom (0), and RSI also having almost completely reset, Litecoin is ready for a major bull-run. This is completely in-line with Litecoin's fundamentals and ongoing development. Not even taking the "huge unexpected surprise" into account here, which could be announced anytime now.
Watch for LTC to break above resistance on good volume. If it does breakout confidentiality, Litecoin could easily do +300% within a month, if not more. LTC target until 31st of March 2018: $1,000 per LTC.
Combined with Stoch RSI being being at the bottom (0), and RSI also having almost completely reset, Litecoin is ready for a major bull-run. This is completely in-line with Litecoin's fundamentals and ongoing development. Not even taking the "huge unexpected surprise" into account here, which could be announced anytime now.
Watch for LTC to break above resistance on good volume. If it does breakout confidentiality, Litecoin could easily do +300% within a month, if not more. LTC target until 31st of March 2018: $1,000 per LTC.
A few notes:
- Note that Stoch RSI has bottomed out. Bullish.
- Note that RSI is almost at a 1.5 year low; it has been this low only 2 times before in December 2016 and September 2017. Every time RSI was this low, a MAJOR rally followed.
$170 should be rockbottom.
We could either go sideways for 3 months (repeating previous patterns) and breakout around April or May. Breakout is confirmed if we break $202 (at the time of writing this).
Conservative target for May 2018: $680
Conservative target for December 2018: $1,200.