Litecoin
tradingview
03/25/2019
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As long as it is above the 57 level, it can be expected to target the 71 level.



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Litecoin (LTC) on the long term weekly chart is replicating the sideways consolidation move of 2015. In June 2015 LTC went over the $3.15 50 wma significantly and later came back to the 50 wma as support. LTC is now approaching the 50 wma again this year at $67. If it goes over it significantly and then retraces to the 50 wma as support, it tells me the sideways consolidation pattern is repeating in preparation for a more significant bull market in 2020.

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Litecoin is not being able to break 61-62 level with conviction and is currently just on the edge of the trendline that gave support to this uptrend. If the price manage to breakdown the channel you will see a nice drop with huge volume involved.

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LTCUSD Strong Negative Divergence. wait until the Projected Drop Complete then Buy Again

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