Coin Calls: LiteCoin Updates
LiteCoin saw during its heights $300, this was almost 8 months ago. To date, Litecoin has been fighting to maintain its $100 support level, before crashing as low as $75.
Litecoin has had more updates within its technology infrastructure and marketing than 99% of the coins out there, including Bitcoin. This includes, adding more merchants to accept its Litecoin Pay program as well as purchasing 10% of a Bank to create another decentralised bank. This could later fuel an expansion of the traditional financial world within cryptocurrency.
For those wondering why Litecoin did not see highs as much as Ethereum will appreciate that Litecoin has 4 times as many coins as Bitcoin, this was done on purpose so as not to usurp the Big Daddy coin, rather to support and aid it. Occasionally being used as a testing ground for Bitcoin updates.
To date, Litecoin on the 1D Higher time frame, both the RSI and RSI Stoch values are highly oversold with the Stoch about to crossover. The Volume illustrates that a big move will happen, potentially seeing the Nouvive’s Buy Signal of $90 illustrating a close to 30% Move.
Enter buy 50%: $74.30
Enter buy 50%: $72.90
Take Profit 100%: $90
Stop Loss: $71
Time Line: 1 Month
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