Litecoin (LTC) to break out to the upside? And to new highs?

in #litecoin7 years ago

Looks like LTC is getting a bid and may be heading back up towards the previous high of ~$56.75. It is gaining momentum and the Heikin Ashi bars are in the green.

If it does break over the previous high, the upper trend line should provide resistance which would be around the $70 level.

Screen Shot 2017-08-23 at 1.47.41 PM.png

Stochastic RSI is on the upswing and we will see in a few days if it becomes imbedded. (3 full days of both K and D lines above the 80 level)

Disclosure: I hold a small position in LTC. See your financial advisor before investing in any asset.

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I love LTC. Its 10x better then BTC. Its has to break the current resistance if it could that or i should say WHEN it does that i believe the coin will double . Its one of my top holding recently broke the 100 ltc mark so im happy!

I like that its having at least a small breakout. We'll see if it sticks or not. I also hold some LTC so would definitely like to see it gain some ground.

Yeah, it has been in a consolidation pattern for a while (since the early July high) and I do think LTC is a solid token. IMO, it is still a good longer term hold, just need patience.

Definitely a long term hold for me as well. Some of the others I'm willing to move around as the markets moves, but I think ltc has great potential in the future

Litecoin seemed so stagnant; however, now with the activation of the lightning network, it's becoming a strong contender :-)