Litecoin preparing for a big move

posted by genuinelyFX at 05/16/2015 - 08:57 GMT

With the halving coming in less than 100 days, we can see in litecoin charts some accumulation. This could blow up in any direction, but I favor a run up. Resistance seen at 3.50 area.

©genuinelyFX_2015.05.16_ltcusd_daily
LTCUSD daily BTC-e logarithmic data

 

Also, this similarity is striking. An a-b-c formation sent price rocketing last time.

©genuinelyFX_2015.05.16_ltcusd_daily_similarity
LTCUSD daily BTC-e logarithmic data

 

 

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