We all know how much we want to see Litecoin jump in the booth just like Clark Kent and turn into Superman before taking a fantastic voyage around the Moon - well now it's time to see how the story will unfold!
Step One: Set the moving averages.
For this one, we will use a 343 minute candle with the 21 (red) and 77(orange) simple moving averages. That's it!! No extra fancy confusing trading tools that nobody knows how to use.
Step Two: Make your trend lines.
On this chart we see that right around June we had a nice little break out so we will start there. Create one end of the trend line at the intersection between the 7 & 21 where the breakout occurred (doesn't have to be perfect) and end the line where the red crossed the orange before finally breaking down.
Next, we want to draw another trend line between the breakdown intersection from Mid August 2014 to the one that happened in July of 2015. A year long trend line - that's a lot of data!!
Step Three: Bring it together.
Add in some magic triangles with a little bit of BK's Secret Sauce and BAM!! You just got yourself a Bossmode Prediction of a $100 Breakout for LTC (with BTC having a value of $5K at the box)
Please Resteem if you find this information valuable! Best of luck in the markets!!
Peace & Love -
BK
It's only matter of a time!
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Thanks for sharing your analysis! Can't wait to see what LTC has in store for us :)
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$100 is inevitable for LTC. As much as I love BTC, litecoin is just so much faster and more convenient when I need to send a payment and don't have all day to wait for confirmations!
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