LTCUSD (D): The steps to Fibo 1.62 = 580 USD

According to TA, LTC could develop independently of BTC and go further up. I've waited a long time with this post. The current price developments are still very volatile. Nevertheless, my analyses show that we could see a reversal of the trend. I would therefore like to be one of the first to point out this change in trend. I am long with LTC.

Unlike BTC, LTC has not yet broken down thru the MA200. This is generally a good sign. BTC is currently moving below the MA200. LTC is above.

Here are some facts about LTC: Litecoin is already compatible with Lighting! And therefore it could replace BCH. The development at BCH can still be rated as rather negative. Lightning could be a Game Changer 2018. With this technology in the background, LTC is one of a kind. The distance to the next main competitor DASH will be significantly reduced. Compares the price development of LTC with other coins. You'll find that LTC has lost less. Accordingly, LTC could recover much faster and could rise sharply. The time frame is open. No one can say when we will see the 550 or 900 USD, but it could be fast. Current, we should have reached an important supportline (Percentage Scale a n d Log Scale!). And the supportline was still strong.

Fibo Targets:
0.5 = 200 USD
0.62 = 240 USD
0.78 = 300 USD
1 = 370 USD
1.62 = 580 USD
2.62 = 900 USD


Let's see what happens. Happy trading. :-)

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