LTCUSD - Where the hell we going?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC is currently fighting a three week resistance at $70-$72 with support at the $65-$61 range. There is the potential for a good buy in the $55-$52 neighborhood if support should crumble.

Next 6 months is more or less a consolidation phase for LTC. (look at September 2015 thru April 2016)

I would anticipate LTC to trade mainly between the $89-$62 range for a while before a move up in March of 2020. You could see wicks getting into the $100 area with down wicks to the $55-$52 range during this phase.

I'm not a professional trader and this is not financial advice.

Questions, comments, please let me know.


Thank you very much dude.

I suggest keeping track of this. In my oppinion LTC is a good long term investment. Look at weekly chart and an ascending channel is visible for it.
BAKKT is coming within 2 weeks. Maybe whales are going to dump BTC till then in order to be able to buy it cheaper. Consequently, a dump for LTC and other cryptos is possible, As you wrote, to 55$-52$. Then, within the next 12 months, LTC will go to 1k.
Remember BTC halving next year.

Of course I am not a pro and this is just a personal oppinion based on my researches.
Thank you and continue the good work.
There's also the possibility of the Van Eck ETF being approved next month. If the ETF gets approved, I would expect crypto to accelerate higher in a shorter amount of time. If the ETF is denied, I think we continue with the consolidation phase. @Mike620,
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out