I am going to say that if we have not touch the bottom yet then we are very, very close to doing so. If you look at my previous analysis you will see that I was calling a low on LTC at around $81. LTC reached the $81 and even went lower into the low $70's. We are in a very important pivotal moment here. A break lower than $70 will open up the possibility of a even bigger drop to the $50's, which will be a very tough hole to dig itself out off if its going to try and hit ATH by the end of the year or early 2019. I still feel that LTC will have a bull run that will potentially put it on a path to an ATH by the end of the year if not sooner. We seem to be half way through the cup, now lets work on that LONG handle.
This is just my opinion, invest smart and do your own DD before making money moves.
Good luck and trade safe!
This is just my opinion, invest smart and do your own DD before making money moves.
Good luck and trade safe!
Comment:
Like I said on the comment above, a break below the $70 was going to bring LTC down to the $50's and it actually drop down to $49's. We have seen an uptrend of about $15 dollars since that drop. I don't believe LTC is done correcting. My next target is set to $33 - $37. If LTC breaks below these levels then we will see prices of $17 to $20 for LTC
