• Why is Litecoin not worth 1000$ now ?
• Why is the price getting consecutive rejections on every uptick ?
• Many people think the intrinsic value of Litecoin should be around 1000$ now or even more but many factors are preventing it from achieving higher levels like. I will state few
• Retailers are taking profit every time the coin is rising, therefore reducing upside momentum
• Money flow escaping from the crypto market to somehow safer assets like treasury bonds, following recent rise in yields
Of course this is my own interpretation.
• Technically, there is an obvious and critical resistance somewhere between 205-210 which is attracting sellers and profit taking from the buyers, which also falters upside momentum
• Buyers should be patient and very careful on the risk management
• Trend still looks bullish with higher highs higher lows
Good luck
• Why is the price getting consecutive rejections on every uptick ?
• Many people think the intrinsic value of Litecoin should be around 1000$ now or even more but many factors are preventing it from achieving higher levels like. I will state few
• Retailers are taking profit every time the coin is rising, therefore reducing upside momentum
• Money flow escaping from the crypto market to somehow safer assets like treasury bonds, following recent rise in yields
Of course this is my own interpretation.
• Technically, there is an obvious and critical resistance somewhere between 205-210 which is attracting sellers and profit taking from the buyers, which also falters upside momentum
• Buyers should be patient and very careful on the risk management
• Trend still looks bullish with higher highs higher lows
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading