LTCUSDT Daily chart (Potential price increase of 10% )
I think everything is up in the air right now with short term direction of alt coins. If bitcoin continues to pull back then it's likely most of the alts will follow.
Mid to long term, I definitely see LTC as a good buy. It looks to me that as of now .382 fib level is acting as a support around $58 USDT. I honestly don't see BTC pulling back much further before it's next move up. In the scenario that BTC does pull back some more I can see Litecoin finding it's next support at the .5 fib level around $55.50 USDT (which would be a good entry)
It normally takes a couple weeks for an accumulation period to run it's course (sometimes more sometimes less) before it's next leg up. We're already a week in. I think by the first week of September LTC will be back around $64 USDT range and reflecting a price increase of approximately 10%.
Mid to long term, I definitely see LTC as a good buy. It looks to me that as of now .382 fib level is acting as a support around $58 USDT. I honestly don't see BTC pulling back much further before it's next move up. In the scenario that BTC does pull back some more I can see Litecoin finding it's next support at the .5 fib level around $55.50 USDT (which would be a good entry)
It normally takes a couple weeks for an accumulation period to run it's course (sometimes more sometimes less) before it's next leg up. We're already a week in. I think by the first week of September LTC will be back around $64 USDT range and reflecting a price increase of approximately 10%.
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