I do not see Litecoin doing well in the next few months. A drop to $50 is a strong possibility and low $70s is a given.
Based on my calculations on a projected price of $3600 BTC, 1.5% of that is $54. Considering money will move into BTC, LTC may not even hold $54 for what it has to offer.
Not trying to spread fear, but LTC is one of the coins where I do not have any confidence in anymore.
Based on my calculations on a projected price of $3600 BTC, 1.5% of that is $54. Considering money will move into BTC, LTC may not even hold $54 for what it has to offer.
Not trying to spread fear, but LTC is one of the coins where I do not have any confidence in anymore.
Note
I feel bullish right now on LTC for a swing. This drop is a bit too steep and aggressive.
I think we get a bounce off 81, if 81 does not hold, then I am clueless.
Note
Lower 70s will probably hold. I think we get a spike up to 100 or 120.Note
This idea is not going completely as planned. Very surprised that we are having no bounces. I am looking at another possibility now:Note
More ideas, watch the weekly close. If it closes below trend line we are looking very bearish. Note
Keep a sharp eye on that trend line... There is nothing else of interest to me with LTC.Note
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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.