If you are anything like me you are probably very frustrated that we keep finding ourselves at midway points, rather than low or high points. LTC is trading at $120 which is neither high nor low but an average. Even the $130 range isn't particularly high for the levels that we have already achieved. This makes price prediction very difficult. Add to that in about 30 days the LTC halving will be upon us what should we be expecting for the rest of July? It can be reasonably assumed that once the Halving takes place LTC is going to skyrocket but what about before?
According to the daily charts we have been steadily rising all 2019. The longest declines we have had were 17 days, which means that July 10th should be our "low" for both value, and buy volume, or accumulation. That being said, how low can we go in the next 5 days? Is it possible to go longer than that or shorter? I am here to offer a few suggestions.
I personally believe that our Rally for the year isn't over. There are far too many events occurring for BTC and LTC< as well as other Alts, the fact exchanges are changing the way they operate, and the institutional entry into crypto currency, is going to keep pushing the Market to higher highs. That being said, if you are a HODL trader, now is the best time to go back into your coins if you have been holding out. It could dip down, but the likelihood of returning to Yearly lows is slim to none before we hit new peaks. If you are a day trader, I would hold off and keep some of your funds in Fiat or BTC, whichever you prefer. I personally feel that we can still hit the low 1 teens in LTC before the shift back to new highs. We might even see high 90's again, but I am not holding my breath on that.
All of this to say that the Bull run hasn't fizzled out yet, the long term projections are definitely up, it the short term (under a week) projections that seem to be up in the air. I will also say comparing tis run with 2017 run, we are poised to obliterate the ATH of LTC, If all the movements remain the same and proportional LTC could easily break the $1,200 mark, simply considering that the last time we hit $140, it spiked to $250 in 24 hours.... Whenever we hit that stride, and we will hit that stride the momentum will be equivalent to the early 2017 movements from the $40's -$60's. Crypto is logarithmic, and exponential in it's growth in value!
Hopefully this helps you guys out, and if you have any other ideas or suggestions please feel free to comment!
According to the daily charts we have been steadily rising all 2019. The longest declines we have had were 17 days, which means that July 10th should be our "low" for both value, and buy volume, or accumulation. That being said, how low can we go in the next 5 days? Is it possible to go longer than that or shorter? I am here to offer a few suggestions.
I personally believe that our Rally for the year isn't over. There are far too many events occurring for BTC and LTC< as well as other Alts, the fact exchanges are changing the way they operate, and the institutional entry into crypto currency, is going to keep pushing the Market to higher highs. That being said, if you are a HODL trader, now is the best time to go back into your coins if you have been holding out. It could dip down, but the likelihood of returning to Yearly lows is slim to none before we hit new peaks. If you are a day trader, I would hold off and keep some of your funds in Fiat or BTC, whichever you prefer. I personally feel that we can still hit the low 1 teens in LTC before the shift back to new highs. We might even see high 90's again, but I am not holding my breath on that.
All of this to say that the Bull run hasn't fizzled out yet, the long term projections are definitely up, it the short term (under a week) projections that seem to be up in the air. I will also say comparing tis run with 2017 run, we are poised to obliterate the ATH of LTC, If all the movements remain the same and proportional LTC could easily break the $1,200 mark, simply considering that the last time we hit $140, it spiked to $250 in 24 hours.... Whenever we hit that stride, and we will hit that stride the momentum will be equivalent to the early 2017 movements from the $40's -$60's. Crypto is logarithmic, and exponential in it's growth in value!
Hopefully this helps you guys out, and if you have any other ideas or suggestions please feel free to comment!