Litecoin LTCBTC - Going Parabolic. Looking for Potential Targets

Litecoin is becoming relevant again. The possibility of activating Segwit will lead to a lot of speculation over the coming weeks (which is getting close to the 75% signaling target but will need to stay there for a couple weeks even if it reaches it). If Segwit does activate, get out your popcorn...


Just roughing out some lines & resistance points to try and find some targets - it's currently at one of the potential targets so I'm selling a little bit of my position.

Haven't spent a lot of time with it but I find anything compelling I'll update the idea.

If anyone see anything I'm missing?

Kommentera:

convenient timing but that crash wasn't me I swear...lol

Kommentera:

See the related ideas below for updates :)

Kommentera:

Breaking out finally! It's been oscillating around that second trendline for a while - I'd expect it to at least hit that line in the short term which would bring it to around 0.015.

Will it hit the next one around 0.05 next? I can see it happening! Depends on what bitcoin does as I think we're at a tipping point - it seems to me that bitcoin's either going to go full bubble mode soon or retrace a bit before the craziness starts. That'll probably be the determining factor. If bitcoin retraces by a couple hundred dollars, I think a crazy LTC (and ETH, XRP, etc) bull run is almost guaranteed.

I've got my popcorn out