LTC is currently following the BTC trend closely, however the price of LTC reflects the same price as the 9/14/2017 crash when China (I think) announced regulations on crypto. The pattern is not at all the same since we are in bear.
There's two outcomes here:
1) The market recovers in the short-term and rebounds with a double-bottom. LTC will likely bounce back to $70 USD.
2) Crypto will continue to FUD bear and LTC may drop as low as Charlie's "insane" price prediction of $40 USD back when he sold all of his Litecoins.
Let's see where the chips fall boys.
There's two outcomes here:
1) The market recovers in the short-term and rebounds with a double-bottom. LTC will likely bounce back to $70 USD.
2) Crypto will continue to FUD bear and LTC may drop as low as Charlie's "insane" price prediction of $40 USD back when he sold all of his Litecoins.
Let's see where the chips fall boys.
Kommentera:
Looks like it is bouncing on the $50 line.