There are two possible options for further move of litecoin. 1) The consolidation is going to finish and further drop is imminent as highlighted with red down arrow. 2) More complex consolidation - ABCDE triangle - wave E is pending and then another drop as per blue zigzag.
評論
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Option 1 cancelled Option 2 - triangle is finishing with possible completion of wave E
So hard to hold LTC but may sell 30% in the $247 range
bmgbmg
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I'm thinking this market is going to sell off massively, it's been a constant bull run of BTC, LTC, BCH, ETH, Alts, everything, there's a lot of profit on the table for whales and hodlers that can read charts. Plus with USD and USDT pairs in BTC and so many alts, it's easy to sell and wait on the sidelines.
With all the chinese and s. korean news about banning miners and exchanges, I think those that have been in longer in profit will easily sell, those that just go in will learn not to chase blow off tops.