Litecoin -- Should see drop to $50 longer short term.
I do not see Litecoin doing well in the next few months. A drop to $50 is a strong possibility and low $70s is a given.
Based on my calculations on a projected price of $3600 BTC, 1.5% of that is $54. Considering money will move into BTC, LTC may not even hold $54 for what it has to offer.
Not trying to spread fear, but LTC is one of the coins where I do not have any confidence in anymore.
Based on my calculations on a projected price of $3600 BTC, 1.5% of that is $54. Considering money will move into BTC, LTC may not even hold $54 for what it has to offer.
Not trying to spread fear, but LTC is one of the coins where I do not have any confidence in anymore.
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Lower 70s will probably hold. I think we get a spike up to 100 or 120.
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This idea is not going completely as planned. Very surprised that we are having no bounces. I am looking at another possibility now:
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More ideas, watch the weekly close. If it closes below trend line we are looking very bearish.
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Keep a sharp eye on that trend line... There is nothing else of interest to me with LTC.
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This drop is a bit too steep and aggressive.
I think we get a bounce off 81, if 81 does not hold, then I am clueless.