Do repost and rate:
YELLOW LINE: THE PRICE ACTION OF LTC IN THE COMING DAYS
I've drawn the yellow line few days ago and it seems to be working quite well along with the price action of LTC. The price of LTC has been amazing since the announcement from PayPal which allows their users to buy cryptocurrencies.
My ideas on why $LTC performs the best among $BTC, $ETH, $BCH:
- $LTC has lower network fee among all of them.
- People are willing to buy a whole bunch of $LTC rather than just buying satoshis which is an incomplete Bitcoin.
- WimbleMimble project incoming, $LTC to compete with the privacy coins.
There will be another resistances around $63 - $64. Hope to see some breakout plays in the coming days and hopefully all goes according to the plan.
Short-term targets: $61, $64, $68
Mid-term targets: $110, $140
Long term target: $400
NOT A FINANCIAL ADVICE BUT IT CAN BE TAKEN AS A REFERENCE.
