Hello, Skyrexians!
According to your activity we can see that you are interested in old altcoins. We have already considered DOGE and XRP, today it's time for $LTC In our opinion Litecoin can show the best performance in this bull market.
Let's take a look at the weekly time frame. We can see that bull run in 2017 was the global impulsive wave 1. After that price is going sideways for 7 years! We assume that this is global wave 2 in shape of flat correction which has the clear ABC structure. This wave has been finished inside the 0.61 Fibonacci retracement level.
Current price action looks like pre-pump formation. We can see that Bullish/Bearish Reversal Bar Indicator [Skyrexio] printed the green dot recently. As you can see in the past this is very strong signal which will likely lead to a great uptrend. This uptrend is going to be global wave 3 which has the targets between 1.61 and 2.61 Fibonacci levels at $740 and $1200.
Best regards,
Skyrexio Team
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