Ever since $100 was broken, I think many people knew this would be coming. $75 was broken, and now $60. There was no reason for Litecoin to be worth over $400 in December. None other than FOMO. Now, there is very little support, once we break $50, 1st target is 34, where we will see capitulation, and even possibly a $20 litecoin like Charlie warned about in December and everybody was angry at him. Now look. Remember, Litecoin was only worth $4 at the beginning of 2017, up almost 900% since then!
Now, this is not all saying that Litecoin is dead etc, I'm sure we could see levels over $100 again in the future as the seller/bears are exhausted: the Litecoin community is still here, however I would not be buying yet.
Now, this is not all saying that Litecoin is dead etc, I'm sure we could see levels over $100 again in the future as the seller/bears are exhausted: the Litecoin community is still here, however I would not be buying yet.
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See my other ideas for Bitcoin TANote
LTC $51
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ETH $260 WOW
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FUNDING NOT SECURED I REPEAT, FUNDING NOT SECURED
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.