Litecoin and other coins have seen a pull back recently after rallying off extreme sell offs. Im not overly optimistic on the short term outlook of all coins, a break of the next support level for Litecoin $160 would not be a good sign. A lot of investors and analysts on here are calling for lower Bitcoin prices and suggesting 3000 this year is an eventuality. I differ from that opinion, my thinking is that we see a sharp sell off in the dollar and a flight into stocks especially the Nasdaq, which has been trading similary to the price of Bitcoin. Volume is mixed at the moment and its leaning to more of a sell side bias. I think once CNY is over we could see a pick up in demand for all coins.
Im keeping this short and sweet, I have many crypto followers in China all of them trying to seek out good projects to invest into!
Best of fortune to you all in trading, stay nimble and humble I will up date all my TA's once I have completed my crypto projects!!
Best Wishes to you all
LULU !! :)
Im keeping this short and sweet, I have many crypto followers in China all of them trying to seek out good projects to invest into!
Best of fortune to you all in trading, stay nimble and humble I will up date all my TA's once I have completed my crypto projects!!
Best Wishes to you all
LULU !! :)