The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA, it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
Potentially according to the charts. CryptosRus who I follow on Youtube is not a fan of Lite Coin. He says it has no real unique technology. He has 200K subs and is the most transparent channel I know of above 100K followers. Good luck- I follow most your trades and they are usually spot on so I'm sure I'll be proven wrong
MavRich_Trading
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@moonshot, i hope you got in bro, LTC will follow his big brother BTC
moonshot
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@MavRich_Trading, I went heavier into Ethereum at $2200 on the bitcoin selloff. I rotated out of BTC into ETH. Short term LTC will prob be a good trade but I'm looking to just buy and hold long term and don't have the confidence in Litecoin at the moment. Good luck.