GRHiggins

New ATH target for Litecoin - 500/700 EUR over the coming days

Long
GRHiggins Updated   
COINBASE:LTCEUR   Litecoin / Euro
Historic long term support and resistance line forming a very smooth flag pattern on the 4HR chart. Volume has increased in the last few days for the first time in quite a while. Stochastic RSI lines also just crossed in oversold territory. Overall pattern looking very bullish in my opinion. I also think Litecoin is fairly undervalued at the current moment - I expect significant upward movement over the next few days.
Comment:
Update: This may have been delayed by recent uncertainty across all cryptocurrencies but I think the conclusion still stands - solid long here in my opinion. Proceed with caution.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.