phil.steuerwald
Long

Litecoin confirms bullish move. Target $55.

COINBASE:LTCUSD   Litecoin / Dollar
This chart's pretty easy. After falling through our $50 support and then through an even stronger $46ish support we went all the way down to the bottom of our Bollinger Band . Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance. We've managed to close above this level. This is an extremely bullish signal. Buy here if you haven't yet. We're set for the trip to $55, though I am not sure of the time frame to get there.

Happy trading all!
55 would be ATH for Litecoin. I wouldn't bet on it with a whimsical Bitcoin.
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Ok Phil, lol I'm with ya buddy. :) as long as we get there, that's it man.
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Massive Bear H&S forming on the daily....
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phil.steuerwald evanrosshackler
@evanrosshackler, As long as we remain in my GREEN channel, I'm a long term bull.
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BlazingAzn88 evanrosshackler
@evanrosshackler, My devil's advocate counter to that is, the daily MACD is also about to flip to positive ;)
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Very nice! Hope your wrong. My thoughts are soon to run to $70. Good luck :)
Go LTC
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@cgavel, It will go to $70 but $55 is a good place to sell, wait for the dip, buy more at a lower price, and then ride again to a higher level (like $75-80).
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