After virtually hitting Charlie Lee’s value goal, LTC has gone on to breakout of some key resistance right here in 2019.
Some time again, close to however not on the high, Charlie Lee creator of Litecoin (LTC) instructed individuals [paraphrasing] “when you aren’t prepared for LTC to hit $20, don’t hodl LTC.”
Effectively, LTC hit about $22 in late 2018. Dang Charlie, harsh fact.
Excellent news is although, it has since gone on to breakout of its lengthy downtrend.
This doesn’t imply the breakout will stick, however for certain that is good to see.
Trying on the 200 day EMA in blue within the chart above we will see that LTC/USD traded under the 200 day since Might.
That was a protracted lengthy lonely winter, however now we lastly have a breakout above the 200 day EMA.
With a Confidential Transactions within the works, and with the Litecoin halvening arising, hope are excessive.
Nonetheless, though LTC/BTC’s restoration appears each stronger than LTC/USD, it is very important do not forget that “that is crypto” and meaning we may see huge value motion both route… particularly if BTC or ETH decides to make huge strikes.
In phrases, yay LTC, and wow Charlie, but additionally…. crypto.
“LTC Breakout and the Wonderful Powers of Charlie Lee” comprises details about the next Cryptocurrencies:
