Litcoin is one of the top 10 cryptocurrencies in the world regarding its market capital. And is one of the coins that showed a very big growth with the last 2 years.
Fundamental Analysis : There is a big potential bullish behaviour regarding the #LitPay card system. This will be a very good catalyst for Litcoin's rally.
Technical Analysis : In the technical aspect Litcoin showed a good rally for the time period of the last month of 2017. After that like all other alt coins Litcoin also faces a major correction and showed a good bounce by the last 2 month in Feburary. After that we have seen Litcoin correcting and finished its corrective wave movement and seemed an uptrend already started. Now if Litcoin can close crossing the upper trendline in the following 48 hours, we might see a good rally towards the next major resistance level of 1,773,800 and 1,912,500 depending volume momentum and bitcoin's flow. DEMA is under the canlde stick and some volume might change the rally in a good pace.
Entry Level : 1,667,000-1,692,000
Possible Targets / Fib Levels
Target 1 : 1,773,800 sats
Target 2 : 1,911,250 sats
Target 3 : 2,051,100 sats
Target 4 : 2,248,500 sats
Wish you Good Trading.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in
your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Fundamental Analysis : There is a big potential bullish behaviour regarding the #LitPay card system. This will be a very good catalyst for Litcoin's rally.
Technical Analysis : In the technical aspect Litcoin showed a good rally for the time period of the last month of 2017. After that like all other alt coins Litcoin also faces a major correction and showed a good bounce by the last 2 month in Feburary. After that we have seen Litcoin correcting and finished its corrective wave movement and seemed an uptrend already started. Now if Litcoin can close crossing the upper trendline in the following 48 hours, we might see a good rally towards the next major resistance level of 1,773,800 and 1,912,500 depending volume momentum and bitcoin's flow. DEMA is under the canlde stick and some volume might change the rally in a good pace.
Entry Level : 1,667,000-1,692,000
Possible Targets / Fib Levels
Target 1 : 1,773,800 sats
Target 2 : 1,911,250 sats
Target 3 : 2,051,100 sats
Target 4 : 2,248,500 sats
Wish you Good Trading.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in
your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
