This trend we are currently following looks very similar in volume and price fluctuation to the one we saw back from May 3 - May 27. This is just my personal opinion. Trade with caution.
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Unfortunately I missed this pump buy about 80 cents but i still believe we will see mid to low 30s soon. Dont get caught up drinking the moon juice!
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unitednoobies
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I do believe you are more right than wrong. I just don't see enough support to pass $50. We will definitely retest this zone within these 2 weeks max, but we will fall short once again. I do think your chart is correct, people will start to take profit at 50 level and then we will have a good dip for reentry at 37 - 40. Not sure if we can see 33-35 entry level again judging by the support that we have. I think this is due to the people missing out on the first dip just a couple of days again. Then again, we can see this think shoot for the moon like an extremely intense move up with what happened to ETH at 50 level, it is likely. But, I do see this as a very stable coin and we will not have this type of volatility. Still... HODL!
JeremySadoff
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@unitednoobies, I dont think we will pass $50 either. we will probably get somewhere close before another down trend though. And I believe Litecoin has a great future also but If there is chance to make a few extra coins im going to take it.
jetrbc
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In the next pump if it breakd 50 and stay above it, there is a small chance that it go back under 50
JeremySadoff
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@jetrbc, agreed but i dont think we will see stable prices above $50 until after judgement day (AUG 1st)