marshallblack
Long

LTC Cup & Handle Into Support Zone

BITFINEX:LTCUSD   Litecoin / Dollar
LTC had a great run the past couple days, coming up to $307 just before forming an ascending triangle . Many were hoping for a break upwards to continue the run to previous $360, (myself included). Although this didn't happen immediately we can see here that LTC is pulling back into a previous support zone with sharp tails which led to strong bounces in the past. Not to mention, Charlie Lee tweeted just one day ago: "For the next release of Litecoin reference client, we will reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb)." This is an important catalyst for LTC growth and we haven't seen it's full effect play out yet. Once LTC falls below $260 demand will increase heavily, pushing price up to previous all time high. From there I believe that we will see a pullback, consolidation, and epic stretch to $500.
looking good so far!
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden