In April & May I'd allocated much more into LTC than most others I knew. Everyone was dialed in and fully loaded up on ETH because it was setting new highs. But with price exploration, we can only guess how high things will go. At the same time, LTC was still yet to test it's previous ATH. So at $200 that presented an educated forecast of 2x gains, which was achieved.
We are presented with an even better opportunity right now. Not only would a retest result in over 100% gains, but we've also just completed a pattern very similar to what was formed between November and December of last year. A nice, drawn out bull flag leading to over 600% gains.
Indicators for the 1D are also providing very strong confirmations right now. RSI is breaking out from the 50% line. Stochastics in the 35% range present much room for growth. MACD has started encroaching on the signal line. Volume shows signs of an incoming pump. This looks very juicy.
We are presented with an even better opportunity right now. Not only would a retest result in over 100% gains, but we've also just completed a pattern very similar to what was formed between November and December of last year. A nice, drawn out bull flag leading to over 600% gains.
Indicators for the 1D are also providing very strong confirmations right now. RSI is breaking out from the 50% line. Stochastics in the 35% range present much room for growth. MACD has started encroaching on the signal line. Volume shows signs of an incoming pump. This looks very juicy.
Indicators have followed through on previous analysis.
- RSI and stochastics have moved into levels indicating bulls have taken control with still much room for continuance.
- MACD crossed above signal line. Signal has also reversed direction upward and has just crossed over 0. Much room for continuance.
- Volume has been gaining in steady fashion.
I can't recall a time where I've seen all of these indicators align like this.
I remain BULLISH AF