LTC has broken the uptrend line. But it follows BTC I believe this is not a major issue.
As BTC should drop to around 7k, LTC will see a drop to 139.
There is a lot of hype going on about LTC. Some predictions as far as 1.4k by as soon as April. We will have to see if that happens but I believe this is possible by end of the year based on the growth that LTC seen and due to launch of litepay and litepal. Litepay did not shoot up the price due to credit card companies not supporting it. But if more and more merchants start using it, will end up being a success. What I am trying to say is, great time to get some LTC.
Just my opinion/idea. Don't act on it.
Trade closed: target reached
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We have reached the initially predicted target of $139. There is some support around the $100 region but if we break that then we have support around the $100 region.
The average low price per my calculation since Jan is about $130.. so thats when I will buy. Your close with your prediction. I'll wait a little bit more ! Maybe! I don't want to loose this awesome price either!
GBBBKSA
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@CryptoBuzzAnalyst, Thanks for sharing that with me. $130 is totally possible, even $125 based on the last lowest close. Just being a bit conservative :)