since Jan 29 ,that I’ve analyzed Litecoin it hitted my final target , more than 200% profit ,not bad for less than 4 month , although after huge whopping recent growth of some shitcoin (maybe by more than 1000% growth) surprised you and less than it can not satisfy you ,
but for some old coin especially for LTC I predict a lot more growth maybe in soon future , so I’ve decided to analyze ltcusdt in a bigger perspective !
As you can see in the Weekly time frame chart for LTC/USDT, the price is trading around 315 $ right now .
Litecoin after reaching $ 413 as a new ATH recently; it has corrected about 20% , that can continue its descending even more till on EMA20 , well after that it can have another trying to break out the midline as a resistance of its long channel (after Jul. 2018 when it went down this midline it hasn’t could to break up it up tile now powerfully ), but if it succeed to break it ,it after a pull back on midline , it can reach those determined targets respectively in a run ..
💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
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