why litecoin is headed for the moon

Of course there are some possible points of failure here so understand your own trade and when to pull the plug.

The move down in early 2017 looks like a major false breakdown / slingshot setup. The greater the false move, the greater the real move. So when it breaks out of the channel in a false move, it goes back into the channel briefly, and then shoots out the top. How do we know it was a FALSE breakdown? Because it came back into the channel.

It's just a 2 on this weekly chart, so it would take a long time to hit 9. The false breakdown only hit an 8, but the next candle would have been a 9 for a while until it broke out. On cryptos do you even have a closing price? In the recovery we hit a 9, which sent us sideways for a while.

Awesome positioning on the RSI too.

I think we're getting NEW ALL TIME HIGHS on this one.

This is the litecoin vs bitcoin price.