lightknight

LTCUSD Continuation of Bullish Trend - Long Term

Long
BITFINEX:LTCUSD   Litecoin
Keeping this one short and sweet.

Technicals:

  • Supertrend indicator on the monthly shows that overall trend is positive and that support is building (similar to 2017 trend).
  • Vortex indicator is still green, so bullish trend reversal still in play on the monthly (similar to 2017).
  • Long term descending wedges on the LTCBTC ratio signalling strong reversal to come
  • Have not even reached higher fib levels for price

Fundamentals

  • MWEB release towards end of October
  • Omnilite and Flare smart contracts
  • LTC anniversary on 7th of October (first block mined 10 years ago)
  • Taproot upgrade
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