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LTCUSD - Assuming continued downtrend

183
This chart assumes the downtrend will continue within its channel, as it has been. I copied the previous price movement and imposed it into the future as a rough estimate. I am not convinced that it will continue as far down as I have projected it, but I do think it is possible that LTC will retest $100 support again. Whether or not this will happen, or if the support will break is anyones guess.
Not
Obviously I don't think litecoin will go that low. I don't think it will get anywhere close to testing 60 or 70, but nothing is out of the realm of possibility. I think we can expect lower 100s to happen again, but if anything close to this chart occurred, we would be talking about a serious problem, something fundamentally game-changing.
Not
LTCUSD - Realistic recovery after continued downtrend

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.