If mid May 242 EUR is broken we could see new ATH end May - mid June!
LTC have broken the curve it has been hitting the last 3 highs. Now we have returned to the major trendline that has been clear since late December last year and early January. The question is if we are going down to the major support at around 75-90 EUR, or if we can break through and chase a new All Time High!?
There seems to be a clear support in the area between 90 and 75 EUR. We could see an new uptrend earlier than March, but I don't expect any rockets.
I feel like this is a good idea.
Let's see if we can break through the triangle and continue upwards toward a new ATH or if we have to go even lower, maybe below 100.
There is a possibility that we can lift off after 245 soon, otherwise we might see it continue to the end of the triangle and go up from there. There is a small chance that we are going to drop a lot if we go below 200 EUR again. Trade carefully!
I still think we are going below 150 EUR before any real action towards other planets
So we should be able to se a low of 80 EUR if we are lucky (those of us who plan to fill our bags)
I believe there is support at 200, and it has been staying inside the area of the wave so far. If it breaks support on 200 it will continue down for some time.