After the FUD by bloomberg in this news post we saw a large sell off in the LTC market with more short's pushing on the downtrend.
Looking back at Litecoin and bitcoin's past after halving events we see this sharp move to the downside followed by a parabolic move back to the upside.
Bloomberg : Search term crypto-hype-over-halving-leaves-litecoin-owners-holding-the-bag
** Great way to get some more cheap litecoin if you ask me**
Buy zone 0.007- range.
Sell Zone 0.009+ range.
Expect a sharp move to the upside once the Bitcoin price starts to fall back the re-buy into litcoin should give a good push back over the 0.08+ range.
Looking back at Litecoin and bitcoin's past after halving events we see this sharp move to the downside followed by a parabolic move back to the upside.
Bloomberg : Search term crypto-hype-over-halving-leaves-litecoin-owners-holding-the-bag
** Great way to get some more cheap litecoin if you ask me**
Buy zone 0.007- range.
Sell Zone 0.009+ range.
Expect a sharp move to the upside once the Bitcoin price starts to fall back the re-buy into litcoin should give a good push back over the 0.08+ range.
Trade active:
Trade active.
Comment:
Litecoin back into the buyzone range.