Litecoin / EuroLong
LTC possible correction support levels
If LTC corrects, from the hi/lo and volume I deduced it could reach the marked support levels. From the overall popularity and demand for crypto I think that in the medium-term the trend is looking to be bullish .
I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if you have some thoughts on ETH, BTC or LTC :) or if you see something I have missed in this short analysis of LTC.
Right now I have a little bit FOMO, but I would feel uneasy just throwing some money into crypto without waiting for a little pull-back, knowing that there is a chance of bouncing from the support levels. I don't see anything like that for the future price of crypto. Is the price going to fall after raising another 10 or 20 or 30%? I don't know.. but what I feel like I might know is - big tech is investing into crypto, and incorporating its platforms (ETH) into their systems. So I feel like a fall of 10 % or even 20 % would be seen as a big buying opportunity by everyone, making the price jump back up.
Well, those are my thoughts for now, have a wonderful day!
„You don't want to put all your money on one horse in this business; nine times out of ten, the second horse comes first.” Michael Caine
I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if you have some thoughts on ETH, BTC or LTC :) or if you see something I have missed in this short analysis of LTC.
Right now I have a little bit FOMO, but I would feel uneasy just throwing some money into crypto without waiting for a little pull-back, knowing that there is a chance of bouncing from the support levels. I don't see anything like that for the future price of crypto. Is the price going to fall after raising another 10 or 20 or 30%? I don't know.. but what I feel like I might know is - big tech is investing into crypto, and incorporating its platforms (ETH) into their systems. So I feel like a fall of 10 % or even 20 % would be seen as a big buying opportunity by everyone, making the price jump back up.
Well, those are my thoughts for now, have a wonderful day!
„You don't want to put all your money on one horse in this business; nine times out of ten, the second horse comes first.” Michael Caine
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.