Written by S3052.
Litecoin Forecast: Prices Rally In A Bullish Breakout
In this blog, we regularly update cryptocurrency traders and investors, for example on the litecoin forecast and other cryptocurrency forecasts. In this “free week”, we cover some altcoin forecasts as an exception also for non-subscribers.
However, our proprietary bitcoin forecasts remain only available to our premium members.
What Happened To The Litecoin Forecast From This Morning?
As an example of our 24/7 coverage that premium membersget in the Bitcoin BullBear, Active Pro and Expert Pro Services, our analysts are AT THE MARKET all the time. This is even more true when important movements happen.
We have poined out key support and resistance trendlines this morning. And boom! As expected, one of those trendlines proved to be exactly the point as of which litecoin prices accelerated from and broke out substantially.
This shows again that Litecoin Forecasts can work perfectly. A profitable trading strategy has been to “STOP BUY” Litecoin at the breakout line at around 1.47 $. Litecoin prices rallied +95.03% to 2.867$ in a matter of minutes after breaking through our cited resistance from this morning.
This shows again how attractive cryptocurrency trading can be. Those digital currencies are less liquid, but more volatile: If you are on the right side of the trade, you can profit immensely.
As of now, 1.36 $ should hold firmly for the bullish Litecoin Forecast to remain intact. As long as this is true, there is substantial upside for a retest of 2.867 $ and - if this is broken - into the 3.5$ - 4.0$ zone. This would be another whopping profit opportunity: Another +115% rally for Litecoin.
We will keep you posted here for free in the next week.
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Have a great BITday!
@S3052
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Happy trading and have a great BITday!
Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at terms-conditions-disclaimer/.