LITECOIN On Fire, Moves Into 6th Place
Hi Everybody,
Litecoin on fire!! Huge gain over the past day, but if you're out of the market I would think about waiting for a better entry point. Let's keep an eye on the performance over the next few days but after such a massive pump, I'm expecting a small dump before we resume the uptrend.
The good news is:
Litecoin looking to hit $50
Ethereum shooting for $200
Bitcoin aiming for $5,000
Best of luck out there!
Litecoin on fire!! Huge gain over the past day, but if you're out of the market I would think about waiting for a better entry point. Let's keep an eye on the performance over the next few days but after such a massive pump, I'm expecting a small dump before we resume the uptrend.
The good news is:
Litecoin looking to hit $50
Ethereum shooting for $200
Bitcoin aiming for $5,000
Best of luck out there!
Comment:
Update: Litecoin did not break down as much as I thought it would. It seems to be holding support around the middle of the channel like it did on December 20. RSI bottomed at the bottom of the uptrend channel I have drawn, momentum seems to be supporting upward price action, still expect high 40's for Litecoin soon here.