Having missed out on the first upmove, I decided to not FOMO into the trade and now I am seeing a potential fall in LTCUSD to the 120 low to form a double bottom before the main upmove begins. Currently the 230 level is acting as a strong resistance and it does not look like price can break through and is slowly slipping down. I can see a potential bounce at the 170 area but eventually bearish pressure would push the price down to the 120 area. This fall will coincide with the fall of LTCBTC where BTC slaughters pretty much most alt coins.
I will buy lots of LTC when it reaches the 120 area, but that is just me.
Never trade crypto with margin or leverage, it can kill you. If you buy something and it goes lower just hang on, you bought at the low, it will come back.
Having said that, this is for educational purposes only.
I will buy lots of LTC when it reaches the 120 area, but that is just me.
Never trade crypto with margin or leverage, it can kill you. If you buy something and it goes lower just hang on, you bought at the low, it will come back.
Having said that, this is for educational purposes only.
It did bounce at 170, watch 120 area for the reversal