Wanna give you a short follow up on LTC.
If you remember my previous LTC post with an overall analysis, i drawn in the green lines as a possible path in the near future. We can see so far that LTC followed pretty much my expectation. LTC moved very strong in the first wave and created a higher high on the daily chart. We touch the yellow marked area of strong resistance between 93 and 100 usd. 100 usd is a key level to break. LTC is preparing to do so. But first we see a retracement into the yellow marked area close to the blue support line at 83.95 usd. We might pierce the line but i expect to see a higher low, meaning we have to stay higher as 81.42.
The MACD is likely to go back to the previous resistance to make it support.
As said we coming close to an area of strong resistance. But as we going to see wave 3 we are likely to break it ("easily").
LTC is my main investment and this chart is confirming why it is :-) BTC will move nicely this year but certain Alts will outperform BTC by far.
I hope you find this information useful in addition to your own research and analysis! And if you like what you get here please give me a vote up! Thank you!
If you are interested in algorithm trend forecast and in deep analysis visit my colleges at
http://www.mariuslandman.com/ and get a premium membership or join our free Telegram group at https://t.me/MariusLandmanPublic
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.