LITH could deliver 105% near term upside
Published: Tue, 10/10/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Traders and Investors, Its time to check out US Lithium Corp (LITH) for today's trading session. LITH operates in not one, but three very hot sectors right now. First, as the Company name suggests, is lithium. This metal has been one of the hottest trades over the past couple of years. With the rise of battery operated vehicles, the need for higher powered smart phone batteries and the like, there is a major shortage of lithium to supply or future needs. The second sector LITH operates is medical marijuana. Everyone knows the potential for this industry, so I won't waste your time going over old ground here, suffice to say MJ will be a $20+ billion industry in just a few years. Lastly, LITH operates in the ultra hot cryptocurrency market, a sector which could exceed $200 billion by the end of this year alone. LITH closed yesterday at $0.039 and has been trading in a tight range over the past few weeks, supported well by its 100 day moving average. This particular chart pattern is called a pennant, or flag, and we think a breakout could be on the cards in the near term. LITH recently hit a high of $0.06, and has a 52 week high of $0.08. A move back to these levels could yield 53% and 105% respectively. U.S. Lithium Corporation is an exploration and development company focused in North America on lithium and related resources for the rapidly growing energy storage industry. The Company looks to capitalize on opportunities within the lithium sector including providing lithium to the ever expanding next generation battery market. Lithium demand is projected to triple by the year 2025 according to a recent report by Goldman Sachs and for many analysts is considered the new gasoline of the future. As the demand for lithium expands, U.S. Lithium Corp intends to be an integral part of this next booming industry. Our current focus is in the Basin and Range province of Nevada where the only producing lithium brine mine in North America, Albemarle’s Silver Peak Project, is located. Elon, our first project, is located in Clayton Valley and is in close proximity to Silver Peak and several other active explorers and developers. As mentioned above, LITH is also operating in the medical marijuana and cryptocurrency arenas. Just a few weeks ago LITH announced that it will be pursuing the lucrative legal marijuana payment market in locations that allow the sale to consumers for both medical and recreational use. Kaboom Coin (kaboomcoin.com) provides the underserved legal marijuana industry with decentralized banking infrastructure, blockchain based consumer databasing and a payment solution. Using Kaboom Coin, industry members will realize significant cost savings as well as assistance with their compliance to state laws. What makes Kaboom Coin different from others in the sector is that we are not solely focusing on cannabis where there may still be some social stigmas associated with the use of something branded specifically for that industry. Cannabis is just one vertical that the currency will be aimed at. Kaboom Coin is creating a lifestyle brand around its coin via social media and marketing affiliations. Kaboomcoin.com is an Etherium based cryptocurrency wallet that caters to the 18-35 demographic and the products they purchase whether virtual or brick and mortar. This is the most technologically oriented generation in history and the majority of their purchases, communications, social media and payment platforms are tied to their smartphones. LITH believes that this demographic will likely be influenced by, and attracted to, an application and payment method, i.e. Kaboom Coin, due to their peer circle and social media feeds adopting the product. LITH will be placing resources into the marketing and social media diaspora with kaboomcoin.com We think LITH could be a huge trade in the near term as it attempts to breakout from its tight trading range. Given the strong 100 day moving average support, good liquidity, and bullish trading history, we think LITH has the potential to once again breakout to recent highs, possibly even test its 52 week highs. That's 53-105% upside potential. Get LITH on your screen, do your research, and be ready to trade. I'll touch base in the morning with a further update. --------------------------------------------------------------------------------------------------------
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