Litecoin is going to have to break through some heavy sell walls in order to break through the next resistance! If it is able to break through it should shoot up to 45, where it will test again. If LTC is not able to break up, it could drop to it's previous level around 39-40.
With all of the uncertainty right now, is hard to say if some BTC money will be dumped into LTC temporarily (and LTC will jump up), or if people will drop altcoin to join the BTC whales in the fight up to $3000 + (and LTC will fall pretty hard). We will find out soon I'm sure.
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Litecoin has been steadily growing closer to resistance at 44. I'll be watching carefully tonight and tomorrow. If it does break above 44, it should rise the next resistance at 48.50 (Not 45! as put above)
LoL, I like your conviction. Maybe we will and maybe we won't but, we could go all the way!!! I totally agree man. Get dis shit over with and let's win! :)
SandwichMaster
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@cgavel, thanks hahaa. The only thing I'm certain of is some uncertainty! Things do seem to be going back to normal though. Downtrend is now definitely broken as well.
cgavel
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Thanks for the heads up SandwichMaster :)
guppy_
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LTC was one of the only coins to remain stable throughout all the BTC madness. After people dumped millions to buy more BTC it dropped a few bucks and then bounced back. I think we're headed to $44-46 within the next couple weeks.