For now, the formerly mentioned support is holding, are we going to attack the $100 again? Litecoin will need to hop over this former breakdown-level. We are talking about quite a range here going into the 10-20% which is for some people just too much risk to take for any sort of decision right now, which generally can lead to some sideways / ascending triangle
will definitely play a role here, dominance is calming down a little bit, let´s see if this gives Altcoins time to breathe and form something bullish
, most of them are still bleeding like hell and sitting on much more bearish
patterns as Litecoin does and don´t have any support left ... Litecoin does, as most of the majors.
This could also be simply a retest before final breakdown. Be prepared, we are straight in the center of decisions. Remember to watch out for the Ichimoku-Cloud-Support here.
There is NO way to see if it´s the right time to buy now, whilst maintaining little to no risk. The trend is still bullish
though, to mention the golden-cross is VERY close.
Don´t forget: It is very common that prices keep going in the wrong direction before picking up the original trend after a sma-cross.