Litecoin: big overhead resistances

12 Jun 2019

Illustrated as thick maroon lines. First would be at 180, from previous levels where we would drop to. It would match the pre-halving pump we got in 2015 that shot up from lows to over 800%. 800% up from 22.50 puts us right in the 180 sweet spot. We have already come so far, we may see a final push to go up to 180. If we break past that, next would be about 200. IF. I expect we drop significantly after that, but I'm not sure for how long. We could be stuck in a small range trading for a while, we could make new ATHs this year, but whatever happens I'll be holding or accumulating, depending on conditions.
I'm not saying we will necessarily hit those levels above 180, but I could be blown away. I hear there is some big news coming out for Litecoin in terms of marketing which could send it *really* parabolic. I know this as I am somewhat in an inside loop, but I'm also not going to get my hopes up or share much more info than that. Each day that goes by, Litecoin is securing its future in the top 5 cryptos.

Referring to the short term drop today, we are still printing weekly green candles so I'm not too worried. A few red daily candles wouldn't even put me off too much. To put it shortly, "Litecoin dropping to prices not seen since yesterday." It needs to cool off, calm down. It's still looking strong in the low 30s as I watch movements on lower time frame charts. I'm here for the long game.