LTC movement down to the $56

I am not going to lie, I was not expecting LTC to hit as high as it did. It took me by surprised when I woke up this morning at 2 a.m. just to see LTC hitting close to $80 on Bitfinex. With that being said, this might be the start of a big correction, starting with a stop at the $56.
交易進行: LTC hit a bit higher than what I though it was going to, but never the less, we are going down to at least $56
Too much demand for a pull back that low.
MertB MertB
@MertB, Best case support will be 65-75
@MertB, Its crazy how is moving, I really don't know what to say. WOW
MertB, Soo many bears got murdered at 60-70s.
Hope you're right. I too was way off on this one. Although it hit my $75 target, I was not expecting such a rapid ascent!
回覆 phil.steuerwald
@phil.steuerwald, Well it just test the top again and it failed, this could be a double top, in which case it confirms the correction.
albertwt, so do you think that LTC will be stabilized on Monday morning ?
@albertwt, I think the hype is over and it will start going back to normal levels.
+1 回覆
albertwt, Cool, thanks for the reply man :-)
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