Litecoin is almost at the point of breaking down. It has tis major support at 72.5 and when it breaks it, we are in for a drop to $50-ish levels.
We may not see the continuation today as we have 7 red days behind us (in BTC) so we may play around for few days but in the next BTC drop, I think LTC may go to near $50.
Just wanted to share this quick update, let's see how it unfolds.
We may not see the continuation today as we have 7 red days behind us (in BTC) so we may play around for few days but in the next BTC drop, I think LTC may go to near $50.
Just wanted to share this quick update, let's see how it unfolds.
Note
Fun chart: LTC... but from few years back. Very interesting.Note
Observing the chart on a Sunday evening, it seems the LTC may go to $78-$79 level now before piercing this support we have at $72.5. Not too sure, won't trade this but let's see how it unfolds, all shorts are still open - targeting $57.Note
$82->$68->$72->$49 could be in play hereNote
Channel valid, LTC eyeing mid to low $50'sNote
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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.