No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Popular cryptocurrency analyst Michael van de Poppe says past price action suggests peer-to-peer payment network Litecoin (LTC) is gearing up for an epic surge. said.
A crypto strategist tells 164,000 YouTube subscribers that he believes Litecoin is still bullish on the weekly timeframe even after the latest remedies.
Litecoin is actually trending upwards. It’s a level…
If you’re looking at the point of interest for Litecoin itself, this whole block ($63) and actually this whole level is the area where you’d want to start filling positions if you want this uptrend to continue. In the event of a fresh move towards $100, we would like to see this level ($63) maintain support and perhaps bounce back here ($80). Then integrate and continue this run. “
As of this writing, Litecoin is trading at $64.75, down more than 23% from its December high of $84.73.
According to Van de Poppe, LTC’s recent price action appears to reflect the structure of the market when it bottomed out at the end of 2018. Crypto strategists expect Litecoin to fall 28% in December of that year. He emphasizes that he ignited a large-scale rally after witnessing the
Van de Poppe said Litecoin could be in a similar situation and LTC could continue to rise even after the correction is over.
This is very similar to what we saw in price action in 2019 this sideways action, breakout came all the way back to take lows, sideways action, breakouts.
Me
Don’t Miss a Beat Subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/Troyan/WindAwake
