BITFINEX:LTCUSD   Litecoin / U.S. Dollar
As you can see bearish strenght is decreasing as far as time is passing through. On RSI indicator is forming a slightly bullish signal with higher low between point A and point B marked on indicator. Macd is probably crossing in positive territor and FIBO level .786 (price 176 usd) is doing his dirty job as support price. Now LTC is facing 50 period moving average marked in red and is moving inside ichimoku cloud . First resistance is positioned on .618 FIBO level at 229 USD price. Very positive perspective will open if price will break through FIBO level .618 (price 229 usd) confirming the " head and shoulder " pattern.

"One good picture is worth a thousand words"
It will go back to 170 before taking of bro
LTC 1k this year, buy low sell high. it is low. if it drops, buy little more, if it drops buy little more, you average goes down, and you will be on profit with the next increase....never sell on a loss. |If it goes up, sell in parts, not all at once. If it drops after you sold half, never mind, buy lower, in parts, buy when no one wants them, sell when everyone wants them
@GazMema, Neverland sell good Coin in loss, LTC is One of the most user Coin for transfer money, mie is undervalued as you say. I don't know if LTC Will reach 1 k but it May arrive on 370 USD in the next period.
GazMema alberto1965
@alberto1965, if it touches 370, i will blast to 700. More businesses will start to accept LTC, maybe not facebook or amazon, but people who are in crypto and have businesses will definitely accept LTC as a form of payment. Fees are cheap, it will be nice all year. More people will buy LTC for fun and for investment. That's when you gonna see the price increase steadily with no connection to other cois
@GazMema, well we wait for better time
+1 Reply
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