It’s just an idea, but there we go.
I think LTC went too high and has to land again. That said, and after having a look at the power of the coin, I can see LTC going really deep. I think we can even see LTC below $20, since this correction is far from being like other ones.
If you draw channels from the beginning, you’ll see it went too high and now it’s like an aeroplane when it loses power to go further.
Anyways, I’ve drawn possible bounces that, tbh, will be broken again and again even if there’s any reasonable bounce.
I think LTC went too high and has to land again. That said, and after having a look at the power of the coin, I can see LTC going really deep. I think we can even see LTC below $20, since this correction is far from being like other ones.
If you draw channels from the beginning, you’ll see it went too high and now it’s like an aeroplane when it loses power to go further.
Anyways, I’ve drawn possible bounces that, tbh, will be broken again and again even if there’s any reasonable bounce.
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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.