If LTC corrects, from the hi/lo and volume I deduced it could reach the marked support levels. From the overall popularity and demand for crypto I think that in the medium-term the trend is looking to be bullish .
I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if...
Automobile production drops due to COVID-19, therefore the price of palladium drops. As its used in catalytic converters. But as the productions resumes we might see a price raise of palladium. Plus as the laws get stricter about the pollution the price of palladium will rise, until there is a cheaper/better alternative, or production switches to electric cars.
