Pretty much this.. Will find support / bottom at 125 / 100 $ range.
LTC is acting like a grown up, acting separately of BTC over the weekend.. How you've grown! Here's the idea we have been following for last few days. We thought LTC would stay under the weather for a longer period of time, but it showing us some signs that it wants to move up. We suspect this is the, buy the hype, sell the news phenomenon with Lightning coming...
As described in the chart, Nav is.. like almost all crypto's at the moment at the grasp of BTC. NAV is making great progress in terms of development and shows great potential for the future.
My idea is that we will not reach a new ATH before the year's end. If the trend reverses downward I think it is possible that we see a pattern that was also visible in Jun/Jul 2016. If this happens It is important to pay close attention to the news, rumors and hype machines out there. A possible strategic partnership with a ride sharing company could give a fast...
NAV is reaching its breaking point and will go up from here. In the next day / 2 days I foresee this happening. If BTC plays along and does not break down (i don't find this too likely.. but anything can happen) I see NAV bumping into to 8 k resistance making a retrace to 7/7.5. This would be time to buy in for a second run towards 10/12K
Nav is turning upwards following the upward wedge. The artificial pump/dump from a few weeks ago turned it 'bullish' earlier than expected. The support seems strong and its trying to make a move upward. 6k resistance seems broken today. IF it closes above 6K it will probably make its way to the next strong resistance of 8/8.5k.