TradingView
ridethepig
Feb 12, 2020 6:12 AM

ridethepig | LTC Market Commentary 2020.02.12 Long

Litecoin / United States DollarCoinbase

Description

LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin.



I really think any move lower is unjustified and the strong liquidity injection will see LTCUSD a lot higher once we clear the coronavirus flows.

Don't forget to keep the likes, charts and comments coming!
More