This is a litecoin chart on the weekly so it is a very long term outlook. It is also vs Bitcoin so it shows losses and gains vs bitcoin. While BTC was slaughtering USD in the last bull run LTC at times out performed BTC. We might have one those times upon now for the next few months.
The risk in litecoin is now low and the upside potential is high as it has bottomed out now twice (and a third for a short period of time) found and held support on our lower trend line. Patients will be needed for this move as the RSI is slowly gaining momentum for some kind of move.
What is Litecoin?
It's a clone of Bitcoin designed to be faster essentially.
litecoin.com/en/business
Remember owning cryptos is risky, but at the same time not owning is also risky.
Invest responsible and only what you're willing to lose.
This not financial advice, its educational and entertainment purposed.
*Bulls make money, bears make money, pigs... well they get slaughtered*.
The risk in litecoin is now low and the upside potential is high as it has bottomed out now twice (and a third for a short period of time) found and held support on our lower trend line. Patients will be needed for this move as the RSI is slowly gaining momentum for some kind of move.
What is Litecoin?
It's a clone of Bitcoin designed to be faster essentially.
litecoin.com/en/business
Remember owning cryptos is risky, but at the same time not owning is also risky.
Invest responsible and only what you're willing to lose.
This not financial advice, its educational and entertainment purposed.
*Bulls make money, bears make money, pigs... well they get slaughtered*.
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