LTC/USD missed opportunity?
Updated
For the FOMO-sufferers who just saw LTC spike, I can't guarantee there will be another opportunity to buy at lower prices, but I've spotted some behavioral patterns.
WAVE 1:
Top: 173
Bottom: 106
Price: 145
difference (top - bottom) = 67
top to price = ~ 42%
bottom to price = ~ 58%
WAVE 2:
Top: 169
Bottom: 141
price: 157
Difference (top - bottom) = 28
top to price = ~ 42%
bottom to price = ~ 58%
In both waves, from start to top took about half as long in time as it took to get from top to bottom.
Apart from that LTC is still tied to the success of BTC, so I would wait to see how its bigger brother does in the next hours before rushing into buying LTC.
WAVE 1:
Top: 173
Bottom: 106
Price: 145
difference (top - bottom) = 67
top to price = ~ 42%
bottom to price = ~ 58%
WAVE 2:
Top: 169
Bottom: 141
price: 157
Difference (top - bottom) = 28
top to price = ~ 42%
bottom to price = ~ 58%
In both waves, from start to top took about half as long in time as it took to get from top to bottom.
Apart from that LTC is still tied to the success of BTC, so I would wait to see how its bigger brother does in the next hours before rushing into buying LTC.
Note
Looking at the 100 MA to support the price and looking at its trajectory and time pattern from the previous post, I suspect the price to reach the 203-194 range in the highlighted area
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