Litecoin (LTC) to Surge 200% If Price Bounces Off This Wedge Formation

Popular cryptocurrency trader Captain Faibik highlighted an interesting technical pattern developing on the Litecoin (LTC) price chart that could foreshadow a major rally ahead. In a recent tweet, Faibik pointed out that LTC appears to be forming an ascending broadening wedge pattern on the weekly timeframe.

From Captain Faibik’s chart analysis, the price of LTC has been oscillating between the top and base of this ascending wedge pattern. With the price now sitting near the base around $70, Faibik believes LTC looks primed for a bullish breakout that could lead to a 2x rally in the coming days.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

If the Price Bounces As Expected, Targets Point to $200

If LTC manages to bounce off the lower boundary of the wedge as Captain Faibik anticipates, the measured move price target based on the height of the pattern points to LTC potentially surging to around $200.

This would represent a nearly 200% rally from current levels. While targets based on chart patterns do not always play out, traders will be closely monitoring the key levels identified by Faibik. A bounce and breakout here could ignite substantial upside momentum for the major altcoin.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Julian Joseph Lehmann