Chances are that you won't find LTC this cheap ever again. Notice that while BTC had a 20% panic sell-off LTC dropped just around 10%... this is rock bottom oversold IMO. Checkout my latest BTC idea below.
Need to hold $9360 else the ultimate support is the Weekly 21-EMA $8800 which holds the key to the long-term bull rally.
All indicators show extreme oversold and price is below Daily 21, 100 & 200 EMA.
Trend channel is not well defined yet but price is well oversold. It's a BUY to me. Good fundamental project value.
It seems a worst-case scenario would be $62 at the Weekly 200-EMA level however, I suspect the Weekly $77 100-EMA will hold.
As much as I'd want to buy ADA right now, its trajectory is not defined yet and it's impossible to know where the bottom is and when it might take-off and if it does, how high?
I guess this is what happens when the stock-to-flow ratio is close to zero
The price movement is quite similar to Bitcoin...
It appears there isn't much price range in the original Satoshi Vision.
Any suggestions of where the heck this is going? I like the fundamental value of the project www.incent.com
I'm going to assume that the red line 200-EMA is the bottom of the long-term channel. We're entering a new bull market (bitcoin ribbon difficulty) so there's a decent probability that it will bounce off the 100-EMA and if it crosses down to 200-EMA that should be a great BUY opportunity between 100 and 200 EMAs.