Does anyone else see LTCUSD going to 84 or even 75??
Do not get me wrong! I am not a troll AND I don't trade LTC> Both my best friends do so my buddy asked me to look at it and well, it doesn't look good to me. For sure we should retest that 150 area that became 137 in a clear violation last week. From there the resistance turned support at 100 should hold again, but the Fibonacci line is lower around 84 and maybe we are due for a big flush out.
LTCUSD made it seem too easy to make money in a tough market. Maybe it has one more trick up it's sleeve?
Do not get me wrong! I am not a troll AND I don't trade LTC> Both my best friends do so my buddy asked me to look at it and well, it doesn't look good to me. For sure we should retest that 150 area that became 137 in a clear violation last week. From there the resistance turned support at 100 should hold again, but the Fibonacci line is lower around 84 and maybe we are due for a big flush out.
LTCUSD made it seem too easy to make money in a tough market. Maybe it has one more trick up it's sleeve?
Comment:
I was wrong about LTCBTC how it would get here. We blew through my downside target and landed at long term support. After looking more I think we are within 20% or so of bottom and anything sub 100USD would be time to load up IMO. I am not in this so this is not advice. 94 should be the bottom. Anything below 80 seems end of the worldish.