Hey guys, a lot going on in this chart. Lets start with what's happening right now. Litecoin has been consolidating ever since the halving breakout that whales took advantage of. Now we are seeing the 50 day MA finally coming down to meet with our more recent 20 day MA. As soon as these two connect I am expecting a breakout to $100, if not $110. I have drawn out three scenarios. I don't see the whales letting such a volatile coin slip under the strong support at $88. Once the near term consolidation is done at $90-$95 (short term channel $90-$100), the breakout should come. I'm thinking around August 20.
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I drew the arrows from the moving averages... just pretend those are coming from the current price on the chart