Indeed, the market seems to have accepted the 9000 handle as a fair price for LTCBTC for the moment, though it did test the 7700's last month. This was promptly rejected. More recent price action appears to be forming a pattern, but eager investors should exercise restraint until the second shoulder has fully formed.
In the event of another bear wave, we are likely to see continued support from the 9000 handle. If not, we will find support from the levels below at 6750, 6000, 5320, and 4440. These levels have been respected in the past and we expect this to continue.
If we do see another bull run, there is a big vacuum zone between current prices and our Fibonacci extensions. The next significant level from above is 12800. After that, we have 18800, then highs at 24900, though this is an egregiously optimistic target for even the most rabid LTC enthusiasts.
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