THE LITECOIN SWEET SPOT
Coin Telegraph
GOOD EVENING STEEMIT!
I’m writing this from the middle of nowhere in Tasmania. On an unsecured wifi connection at the dodgiest little pub called the Mole Creek Hotel.
Unfortunately, the Boags Draughts caused me to fat finger the submit button early, and I published the bare minimum template rather than the blog containing any sort of explanation.
So if you read my blog or Twitter, you’ll know that I’m quite the Litecoin bull. If you haven’t already without any context and figured it out yourself, take a look at the chart below:
LTC/USD Daily
As you can see, price has remained capped by that steep, bearish trend line, but has since formed a higher low as it starts to break out. A highly bullish signal.
As price now pulls back and looks to retest the broken trend line, I’ve marked the sweet spot confluence of support with the new short term level.
2018 is going to be the year of Litecoin. If you’re not on board, this is your level.
Peace.
Instagram: @forexbrokr
Website: www.forexbrokr.com
G'day. Nice charting and analysis. I might see if I can afford to buy a few more?? I reckon you're on the money with this one.
Even if it’s just a short term trade. You’re right or you’re wrong :)
Litecoin had amazing growth in the last few weeks. Transaction fees are better than bitcoin and ethereal for sure.
You know it! Litecoin is the leading contender for the crypto to be actually used day to day for payments.
Well I am not a crypto expert but once lightnjng network is implemented then probably bitcoin can be used for day to payments. Bitcoin Cash and Dash are also great currencies. I agree litecoin has low transaction fees and I usually transfer litecoin to different exchanges and then convert it in to bitcoin or ethereum if I want to buy altcoins.
Anyways today I am not following litecoin. Today neo and gas are on fire and I wish I had bought more Neo and gas.
You really think that this is going to go smoothly? This is Bitcoin we’re talking about here. I’m still holding a portion of my portfolio in Bitcoin, but I’m skeptical.
Well I am not a crypto expert and you are probably right about litecoin.
All payment transactions i make only by litecoin
Me too. Well Litecoin and Dogecoin 😂.
LTC/USD Day Charts https://steemit.com/litcoin/@mamicco/ltc-usd-day-charts-analysis-cointurk-6-projesi
Katılıyorum.
I can't wait, I have been begging my friends to buy Litecoin, all of them who bought will thank me later as they count some money in 2018. LTC is the shit <3
Haha anyone I talk to about crypto, I always talk about the positives of Litecoin too. But with the price still correcting, the n00bs get frustrated.
They’ll see 😎
agree, looks like ascending triangle that is coiling up ... litecoin will go much higher soon
Yep. Let’s see how the pattern plays out. Certainly good levels :)
LTC will always be satoshiLITE and as it is doing it's purpose until today, I can say it is very successful
A lighter, faster, easier to use version of Satoshi’s vision!
the litecoin is the surprise of this year, vote for u
Thank you for the upvote. I don’t think it’s actually a surprise at all. A leading contender to actually be the #1 overall cryptocurrency.
USE A VPN. Never use a unsecured wifi without a VPN.
😳 I know...
It's so so unbelievable the the Litecoin can perform this wonder. What did they do to it?
They made it faster and cheaper than Bitcoin while still having that early mover status. Charlie Lee has done a great job.