LitecoinLong
LTC ANOTHER PUMP INCOMING
+What a tragic bleed for LTC and many major pairs we saw over the past 2 days.
+Pullbacks like this are actually healthy in many ways tho
+Let me quickly explain what caused this pullback first
+So markets went absolutely nuts and most coins pumped over 100% in just weeks time.
+Lots of noobs saw this and thought that they could jump and hop in the bandwagon not realizing that nothing goes up forever in such a short period.
+Market makers know better then that and just wiped out every noob that bought in last week.
+Most coins pulled back on avg 32% keep in mind in the crypto space a 35% pullback is still healthy hate to say.
+So what next for LTC you wondering ill make it nice and simply
+LTC came back down to Daily support at 113 and is now starting to show signs of reversal on smaller timeframes
https://www.tradingview.com/x/7xeXkmkK/
Here on the 1 hour we can see that hammer candle that wicked $113
+ Im not expecting LTC and these other coins to just skyrocket from this dip but more a laddering up followed by some accumulation mlation and distribution.
First TP $164📊
Second TP $202 📊
Thirst TP $227📊
+Pullbacks like this are actually healthy in many ways tho
+Let me quickly explain what caused this pullback first
+So markets went absolutely nuts and most coins pumped over 100% in just weeks time.
+Lots of noobs saw this and thought that they could jump and hop in the bandwagon not realizing that nothing goes up forever in such a short period.
+Market makers know better then that and just wiped out every noob that bought in last week.
+Most coins pulled back on avg 32% keep in mind in the crypto space a 35% pullback is still healthy hate to say.
+So what next for LTC you wondering ill make it nice and simply
+LTC came back down to Daily support at 113 and is now starting to show signs of reversal on smaller timeframes
https://www.tradingview.com/x/7xeXkmkK/
Here on the 1 hour we can see that hammer candle that wicked $113
+ Im not expecting LTC and these other coins to just skyrocket from this dip but more a laddering up followed by some accumulation mlation and distribution.
First TP $164📊
Second TP $202 📊
Thirst TP $227📊
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