LTC has been consolidating for over two weeks, and on the 27th of June, one candlestick shined the light on LTC. You can see from the chart that once we broke down through $115, the buyers came steaming in to grab their bargain. I highlighted the potential of this area in my last post, where I clearly stated that $115 would be the halfway point to the real all-time high.
The buyers did not disappoint, which means we now know where our support price is. The question is, what is next for LTC? From my point of view, we need to see a break of $140 with another strong bullish candle.
Could we drop below $130? = high possibility due to consolidation in BTC
Conclusion: If BTC does not hold its price, then we will see the ripple effect in the LTC market. If the price drops below $130, It would be a fantastic opportunity to buy. At this point, we need to see another strong bullish move through $140, which would line LTC up to smash through $150.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
The buyers did not disappoint, which means we now know where our support price is. The question is, what is next for LTC? From my point of view, we need to see a break of $140 with another strong bullish candle.
Could we drop below $130? = high possibility due to consolidation in BTC
Conclusion: If BTC does not hold its price, then we will see the ripple effect in the LTC market. If the price drops below $130, It would be a fantastic opportunity to buy. At this point, we need to see another strong bullish move through $140, which would line LTC up to smash through $150.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
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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.
👨🏾🏫 Don't forget our website and Discord
ioniccapital.co.uk
discord.gg/6YfC2wxZ
ioniccapital.co.uk
discord.gg/6YfC2wxZ
Related publications
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.