Since January's break under 140 support, Litecoin is trading in a descending triangle. The end of March beginning of April break above trend line resistance proved to be a false break and the coin has dropped again to 100 support. As I expect a strong sell-off in all the crypto market, for sure Litecoin will not make an exception and it will dive (in my opinion) under 100 key figure. 70 USD is my target and only back above 110 would change my opinion
The secret to all crypto is that it wants to go down hard but its waiting for people to buy them big before they crash and take all your money or half of your money. Its not able to drop lower because no one is buying crypto anymore. People are waiting until it goes lower maybe to $70 or $60 before buying again
mbjrjwvxt5
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@ydah exactly, and they inject it with fake usd (tether) to keep the price up and suck in buyers thinking it’s bullish before making down moves. Crypto is a huge scam
SmartNerd
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why exactly 7O also 100$ support seems to be still holding
Mihai_Iacob
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@SmartNerd, i think 100 will not hold and is not exactly 70, but i expect a drop in that zone, at least there, but can drop to 40 if shit really hit the fan