BITFINEX:LTCUSD   Litecoin / U.S. Dollar
This is the 2. part of my Roadmap series.

My last post was about what BTC will do in the future.

For BTC it is way more complicating to see what will happen in future.

For LTC, however, it is fairly obvious.

We will push EXTREMELY low (basically to 0) before we go.

What does this mean is LTC dead?
Well, when coins get this low I get excited because this is a huge opportunity.

YOU CAN BUY LTC FOR BASICALLY WHERE IT STARTED!

I bet many of you said: "OMG I wish I bought BTC when it was worth $100." or whatever.

Well in this last phase before the run is your opportunity.

And now you have the opportunity and what do you do? Nothing?

But what if LTC never returns from the grave?
Well, that's why it is the best idea to wait for a sign of strength/reversal before you load up.

When will the reversal come?
Hard to tell right now.

As I said I think we will go very very low.

The yellow line is where we will get a small reaction/stop before we probably go even deeper.

Before the yellow line, I don't see a reversal happening.

Again I hope this information was helpful for you in any shape or form, if it was I would much appreciate you showing this post some love.

Also if you haven't seen my first post of this series (about BTC ), I advise you to take a look at it because as I already said BTC is a bit more complicated.

---You find all posts to this series below---

I will update this idea in the future when I see a reversal (or sth else of interest).

The next posts of this small series will be about ETH and XRP so stay tuned.
Comment: IMPORTANT!
Again no exact price targets so far!

And I don't think we will bounce this hard immediately!
This is just to indicate that I think that we will go very low before we go back up!

Probably we will see more sth like this:
Comment: Not at the bottom yet. Still see further downside movement:
Comment:
Comment:

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.