SUMMARY OF ANALYSIS:
- LTC has breached the key $50 USD level (as alluded to in my other LTC analysis article) and appears to be heading for the 90% retracement level around $35 USD.
- Failure to hold this level would suggest that a full retracement and rejection of the most recent move is likely, this would put the near-term low at $20 USD in the cross hairs.
- Near-term oversold, potentially could see a move back into the mid $50's, failure to sustain a reversal would indicate a move to $35 USD is highly likely.
THE UPSIDE:
- Litecoin is favorably priced compared to Bitcoin at press time, also due to the severe drop in price, Litecoin is better poised for a contrarian investor to look into.
- I think it is likely that the $20 USD low is the low, we may eventually retest it, but around these levels, $20-$35 is a good investment band to accumulate, of course, you would run stops should the low at $20 be taken out.
- LTC has breached the key $50 USD level (as alluded to in my other LTC analysis article) and appears to be heading for the 90% retracement level around $35 USD.
- Failure to hold this level would suggest that a full retracement and rejection of the most recent move is likely, this would put the near-term low at $20 USD in the cross hairs.
- Near-term oversold, potentially could see a move back into the mid $50's, failure to sustain a reversal would indicate a move to $35 USD is highly likely.
THE UPSIDE:
- Litecoin is favorably priced compared to Bitcoin at press time, also due to the severe drop in price, Litecoin is better poised for a contrarian investor to look into.
- I think it is likely that the $20 USD low is the low, we may eventually retest it, but around these levels, $20-$35 is a good investment band to accumulate, of course, you would run stops should the low at $20 be taken out.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
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For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。