Three weeks ago I pointed out two cryptocurrencies that I believed were set to soar. Despite a very harsh environment across the crypto space during the last few weeks, Lisk is up ~35% since I published that article (and at one point a couple weeks ago Lisk nearly doubled) and Litecoin is down marginally (single digit percentages).
I now believe that both Litecoin and Lisk are fast approaching crucial moments which could result in large price advances:
Litecoin (Daily)
After putting in place a double-bottom during the last couple of weeks Litecoin is poised to break-out above resistance near $175. A breakout above $175 would offer a measured move target of $240. There is minor support near $150 followed by the double-bottom at $107.
Lisk is one of the most bullish crypto charts out there currently:
Lisk (Daily)
Above $32 Lisk will target fresh all-time highs above $45. Meanwhile, there is minor support near $25 then a much bigger level near $20.
It’s not a secret that my two favorite cryptos begin with the letter L and with significant news flow expected for both Litecoin and Lisk over the coming weeks I can see both of these cryptocurrencies posting double-digit percentage gains before the end of February.
DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the 321Ethereum website do not necessarily reflect the views of 321Ethereum LLC, publisher of 321Ethereum.com. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Cryptocurrencies can easily lose 100% of their value. It’s your money and your responsibility.