LTCUSD
Yesterday we witnessed a bearish market pushing prices down across the charts and LTC went along for the ride. Our previous predicitons showed that we were targeting (c) as a defining support level. Currently the potential to break below 0.382 retracement levels clearly indicates if that were to happen we would see a potential low of $32 to find support at the 0.236 retracement level which for me would fulfill a ton of buy orders I set after I bought a little early during the last price correction, (d). This however could only be forecasted by another price drop in BTC over the next few days.
Overall LTC holds a great future and if you havent already bought in, the next few days would be a good time to get on the bus. A target for buy orders would be between $40 & $45 and if you want to push it the $35 to $40 range would be a good buy in margin to give yourself. We'll be watching to see if the price dips that far, as usual that would happen if BTC continues the current downtrend it is in. An alert if the price hits $40 is my current signal to buy. Our predicted downward trend has been for the most of it correct with the exception of a false breakout above the moving average. A new prediction on the next direction will be in within the next few hours. If you already have LTC, stay confident and hold it.
Please note that my views are not to be considered trading advice or knowledge. My thoughts on this matter are exactly that, thoughts. I will not be held liable for losses on your part after your decision to follow what I have mentioned here. That being said, Thank you for reading my perspective. Leave your thoughts below.
