Litecoin History Repeating

Feb 22, 2020

Today I am looking at 21 weekly MA and 21 weekly EMA on the LTC/BTC chart. The last two times the 21 EMA crossed above the 21 MA, we bounced from the long term support and started a bullrun. The cross happened again a few weeks ago and it seems we bounced from support and are on track to make a move to the upper trendline, which acts as resistance. Depending on how fast LTC moves, we should be looking at around 100% profit in two to three months. But the real questions is: can we break out of the huge falling wedge? If we can, the sky is the limit ;)