Will LITECOIN go down to under $100? - Bearish w/ Bullish Waves
Updated
How are you Crypto Maniacs!
Litecoin indicators are surprisingly neutral at this point. That is of course not something an investor who is in Litecoin wants to hear right now, but on the other side, it is better than being bearish.
MACD is leaning more towards bearish side in short term, however in medium term, which entails few month, it is bullish as it is in accumulation stage.
RSI is neutral with bullish signals in terms of being at 40% most of the time which indicates a good buy for those of you thinking of getting in for 2-5 Month.
Volumes are negative which is what we should expect in market like this one guys.
I see Litecoin dropping to around $100 levels before making a recovery. Until we break that downward wedge, we will not be going anywhere. You can buy in at time of a break, however please have safe sell orders in place until market moves to stabilize with Bitcoin. Overall we like Litecoin. Technology is very nice and as for investors it is a very liked coin due to it's long term reputation.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Litecoin indicators are surprisingly neutral at this point. That is of course not something an investor who is in Litecoin wants to hear right now, but on the other side, it is better than being bearish.
MACD is leaning more towards bearish side in short term, however in medium term, which entails few month, it is bullish as it is in accumulation stage.
RSI is neutral with bullish signals in terms of being at 40% most of the time which indicates a good buy for those of you thinking of getting in for 2-5 Month.
Volumes are negative which is what we should expect in market like this one guys.
I see Litecoin dropping to around $100 levels before making a recovery. Until we break that downward wedge, we will not be going anywhere. You can buy in at time of a break, however please have safe sell orders in place until market moves to stabilize with Bitcoin. Overall we like Litecoin. Technology is very nice and as for investors it is a very liked coin due to it's long term reputation.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Note
Possible trend break occurred - not yet confirmed still
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