You can see its creating lower highs which means a strong downtrend is in progress. Would expect to see this move faster to about 50-60~, which is an Ideal entry.
As you can see, we have finally returned to above 147 and there will likely be a support test soon! This is very bullish sign as we could see LTC at 200 in the upcoming days due to the end of this correction. Fingers crossed and good luck everyone!
As you can see, there are 3 possible outcomes other than an extreme pump to the upside which supasses the second level completely. We will have to see but I am pretty bullish and if it tests the lower level at 125 I would buy in more, as a breakout at to the next level would be likely.
This is not financial advice but feel free to let me know what you think!
Look at the chart, green text explains with arrows. My prediction is that depending on how the market reacts to this dump, we might see 200$ LTC soon. Best of luck everyone.
Check related links for my new Indicator to find the support level!
First Pointer: Trend Fails at current Support Level
Second Pointer: Trend surpasses then immediately falls below indicating not ready to move up a level.
Third Pointer: Trend slowly but surely crosses the line and begins a dump, where,
Fourth Pointer: The dump ends and is supported by the old...
