Litecoin analysis - 16/1/2018

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9y

He there,

I've noticed a good opportunity to earn some money buy Litecoin, today.

Why do I think that now is a good chance to buy?

Ok, let's look the picture below and see what it says. The chart's timeframe is one day. On it, we can see that we very a strong trend at all. But now we are in a middle of a pullback. How many of you know every trend has a pullback and after that the price rise again. In my opinion, this time has come. This is confirmed by two factors. First, we have a 50% level of Fibonacci correction and second the price touch support line on 50 MA. So, It's logical the price move up. I'll bet that the price reaches 30$ soon.

Litecoin.jpg

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Litecoin analysis - 16/1/2018 | Ecency