$LTC, Litecoin VS USD, 3000% Coming but losing -50% first
I highly expect the scenario shown on the chart to happen
I am sure that the price will achieve tremendous growth in the long term and that all this decline since the beginning of the year is nothing but a natural correction, some people may attribute the reason for this decline to the global political and economic events that are taking place and I do not object to this point of view, but I am always certain that prices It moves in ascending and descending waves, and what we are going through now is a bearish corrective wave, and then comes an ascending wave in short.
Since December 2017, we have not seen a higher peak than the one that formed on this date at the level of $ 444, and although the price approached this level again in May 2021, we did not see any higher peak
I relied on this numbering or the waveform analysis on the chart
This shows that the price is in a corrective wave ii, and this wave started from December 2107 and is continuing until now, as it came or consisted of three waves that are a, b, c
We are specifically now in c, and this means that we are at the end, but it will still take some time, it may be five or six months before we see the expected rise to achieve a new peak
The important levels at the current stage and in the medium term are:
A level of $36 to a level of $30
This area between those two levels is the most awaited buying area for me
Then a level of $25 and a level of $22
For me, this area is the support area. Perhaps if the price reaches it, I will add other amounts of currency to what I own.
Finally, the level of $19 is considered a stop loss for me, this is all at the moment, the outlook may change or some levels may change according to the price behavior, it also depends on the occurrence of surprises or not,
Risk management, if you are not familiar with how to manage risks, I advise you to stay away from this field, otherwise go now and try to read or learn about this matter if you are really serious about investing or speculating
I am sure that the price will achieve tremendous growth in the long term and that all this decline since the beginning of the year is nothing but a natural correction, some people may attribute the reason for this decline to the global political and economic events that are taking place and I do not object to this point of view, but I am always certain that prices It moves in ascending and descending waves, and what we are going through now is a bearish corrective wave, and then comes an ascending wave in short.
Since December 2017, we have not seen a higher peak than the one that formed on this date at the level of $ 444, and although the price approached this level again in May 2021, we did not see any higher peak
I relied on this numbering or the waveform analysis on the chart
This shows that the price is in a corrective wave ii, and this wave started from December 2107 and is continuing until now, as it came or consisted of three waves that are a, b, c
We are specifically now in c, and this means that we are at the end, but it will still take some time, it may be five or six months before we see the expected rise to achieve a new peak
The important levels at the current stage and in the medium term are:
A level of $36 to a level of $30
This area between those two levels is the most awaited buying area for me
Then a level of $25 and a level of $22
For me, this area is the support area. Perhaps if the price reaches it, I will add other amounts of currency to what I own.
Finally, the level of $19 is considered a stop loss for me, this is all at the moment, the outlook may change or some levels may change according to the price behavior, it also depends on the occurrence of surprises or not,
Risk management, if you are not familiar with how to manage risks, I advise you to stay away from this field, otherwise go now and try to read or learn about this matter if you are really serious about investing or speculating
