Hi guys, as i wrote earlier, my top two positions are Litecoin (LTC) and OmiseGo (OMG). Litecoin has had a massive run and broke through the first resistance level. Further it ran up to and broke the 77 MA on the daily (orange), with the 18 MAs catching up. I would compare the current action with the pattern we have seen in March/April. After the run to the 77MA, there is a small pullback with two bumps allowing the short term MAs to catch up, then triggering a rocket move higher.
I plan to buy part of my position which i alraedy sold around the 0.0145 mark (yellow), in case this scenario plays out and we see a correction now.
I see the same potential for litecoin, going sideways at the current position, to then soon jump up to the next resistence level. I expect that this breaks, which may lead to a massive spark up, leading to prices above 150 USD.
I am quite positive on litecoin, with a good news flow, more positive announcements in the pipeline and a lot of potential to copy the strong moves of Dash, Monero etc., which we have recently seen.
