I have calculated LTC Bottom to be 43. After that it may stay in the 40's a bit until it shoots back up. here is my reasons behind it. LTC may try for 50 in the short run.
- LTC price is affordable at this level. If people are buying BTC per coin at thousands, people will buy a dozen of LTC for hundreds.
- China dump already happened it will not go lower.
- Summer 2017 the average was in the 40's and just before take off it was around 41-43
- People who bought in the summer some were long term holders so still holding.
- Anyone who bought the dip may be holding on the 33 level which keeps the price higher however without the China bad news it would have never been to 33 it would have been at best low 40s
Green Line could be a possible breakout on the 25th
Blue Line is showing an arc that's lining with the average low coming up.
Red Line represents where the average low was before it took off to 100
I am confident that this is the end of the downtrend or at least a good time to buy.
Please give my posts thumbs up if you enjoyed. I will be monitoring this event all weekend to determine a real forecast but I don't see it going much lower than this.
Thank you and happy trading!
- LTC price is affordable at this level. If people are buying BTC per coin at thousands, people will buy a dozen of LTC for hundreds.
- China dump already happened it will not go lower.
- Summer 2017 the average was in the 40's and just before take off it was around 41-43
- People who bought in the summer some were long term holders so still holding.
- Anyone who bought the dip may be holding on the 33 level which keeps the price higher however without the China bad news it would have never been to 33 it would have been at best low 40s
Green Line could be a possible breakout on the 25th
Blue Line is showing an arc that's lining with the average low coming up.
Red Line represents where the average low was before it took off to 100
I am confident that this is the end of the downtrend or at least a good time to buy.
Please give my posts thumbs up if you enjoyed. I will be monitoring this event all weekend to determine a real forecast but I don't see it going much lower than this.
Thank you and happy trading!