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Friday, February 12, 2021

Huge S/H/S bottom in Litecoin


 Huge S/H/S bottom in Litecoin

While Bitcoin and Ethereum already has taken off and eclipsed the 2018 highs. Litecoin is lagging only trading near USD 182, but that is about to change. 

Over the last 3 years Litecoin/USD has formed a huge Shoulder/Head/Shoulder bottom with a neckline at 178.70. Litecoin closed above this neckline resistance for the first time yesterday activating the bottom-formation for a rally to the S/H/S target at 324.63 - Pretty close to the 2018 peak at 357. 

So it's time to board the ship for a nice cruise higher towards the 324 target. 

Remember the trend and patience are your friends 

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