💿Litecoin getting Bullish! Testing upper resistance at $45!💿

rawpride (62)in #litecoin • 9 years ago

One last look at our current setup

Looking at our 15 minute charts litecoin has been making a bullish break today, crossing our previous resistance trendline to form a double top with yesterdays high. I am not convinced we are going to break through it today, but it is looking possible. If it does break $45, look for it to test resistance around $46.50-$47

We can see more momentum building here then we did yesterday at these levels. We could go down one more time towards the bottom of this triangle, but it is also possible that we stay in an upper consolidation more like this.

Same breaking point

This setup has the same time frame for consolidation and breakout. I am expecting some big movements on Litecoin headed into Monday next week and possibly throughout the week leading into August 1st.

2 Hour charts

Looking back at our old setup we can see our moving averages have spaced out quite a bit, so I do expect some consolidation before we break through this level.

Daily very bullish

The daily chart looks very bullish. What I am expecting is a bull flag to form in the coming days leading towards a breakout. If you aren't already, I would look to go long on Litecoin shortly here. I think when Bitcoin booms because of SegWit, Litecoin will boom with it! Litecoin to da moon!