Why I am bullish for Litecoin
LTC this morning had a nice breakout against bitcoin, but I think the real story is more about what breakouts are possible.
From what I can tell, the really long trend looks positive with Litecoin as it finally begins to reach the end of a very long wedge against Bitcoin. Right now looks to be some of the trends near the bottom of this wedge (which are great discount sales in my opinion). However, there is still lots of potential downward against its bigger, older sibling.
I for one and optimistic about the chart, but even if I am right, with a trend as long as this one, it could be tomorrow, but it more likely could be months away as well. Either way, seems like a good investment for the long haul.
From what I can tell, the really long trend looks positive with Litecoin as it finally begins to reach the end of a very long wedge against Bitcoin. Right now looks to be some of the trends near the bottom of this wedge (which are great discount sales in my opinion). However, there is still lots of potential downward against its bigger, older sibling.
I for one and optimistic about the chart, but even if I am right, with a trend as long as this one, it could be tomorrow, but it more likely could be months away as well. Either way, seems like a good investment for the long haul.
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