Litecoin
Short
Updated

LTC/USD - LTC slowly starting its journey

789
Seems like LTC is gathering some fuel before it takes off.
Note that its performance is highly depended on its older brother - based on history .
Note
Huge order book on 240$ at Coinbase. But as always, LTC is hand to hand with BTC, so if BTC cant take the hit, neither will LTC which will make it fall down to 230$ for now.
Note
Note: you are looking at a log chart, check the numbers on the y axis.
Note
Alright, as always, this is following BTC movement. Probably people are jumping off to the overvalued, for now, Etherium. There is now clear thinking here, people just following the masses because of FOMO.
Note
no** clear thinking ( typo ).
Trade active
This wont get much cheaper...

First target:260
Second target: 290
Note
snapshot
Note
This is still between the 2 first fib levels and as always coping Bitcoin's movement.
Check my latest Bitcoin idea if you want. I have my eyes on it mostly, the past few days since it drags the majority of the market down.
BTC/USD - A revised idea on Bitcoin

Disclaimer

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.