#Litecoin #LTC analysis

BITTREX:LTCBTC   Litecoin / Bitcoin
Currently #ltc is moving around 0.0120 BTC just above of a previously detected monthly level of 0.0122 BTC (1225081 satoshis). It is moving in a descending wedge that will probably hit the first support at 0.0097 BTC (978998 satoshis) by May the 20th and after that it would be very likely a move towards the 0.0075 BTC (756373 satoshis) that will be hit by Jun the 5th. A good strategy is to sell #litecoin in order to re-buy when it is lower and just by that you will be probably making some profit. You can always sell some of your holdings once the free fall ends and the new recovery move moves above the monthly levels. Litecoin has been respecting monthly levels in a very predictable manner so no need to worry if it is very likely to recover once again.
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