#litecoin #ltcusd - Will the "3D Ichimoku-Cloud" hold?
Litecoin is not having a party here. It failed to overcome the $100, after that it broke down the support-level and now it is facing a potential E-to-E on 3D downwards whilst the cloud is ALMOST already bearish.
Something big needs to happen here to save Litecoin from a major down-trend. On top of that Litecoin does have some influence on the price development of other altcoins, so this is not only important for LTC.
Assuming that BTC is going to make a bigger move: Recently Altcoins were not performing well, so no matter what direction Bitcoin goes, Altcoins look due for more shorters coming in. Be careful if you are "hodling", the further the price decreases the LONGER the way back up will be.
Let´s see if this minor support + 3D-Cloud holds! If not next targets would be between S1-Q and the breakdown-level around $68.
_______________________
Warm regards,
Neru
Something big needs to happen here to save Litecoin from a major down-trend. On top of that Litecoin does have some influence on the price development of other altcoins, so this is not only important for LTC.
Assuming that BTC is going to make a bigger move: Recently Altcoins were not performing well, so no matter what direction Bitcoin goes, Altcoins look due for more shorters coming in. Be careful if you are "hodling", the further the price decreases the LONGER the way back up will be.
Let´s see if this minor support + 3D-Cloud holds! If not next targets would be between S1-Q and the breakdown-level around $68.
_______________________
Warm regards,
Neru
Comment:
Litecoin hitting minor support-level whilst Bitcoin moves:
