LTC Follows Suit
LTCUSDLTC as always follows suit when BTC makes moves and for the most of it, that seems to be happening today as BTC takes a slight downturn to $3800 levels with LTC following to hit a low of $49.
According to current chart data, yesterday's breakout above the moving average did not persist before the downtrend initiated toward the next support level. The current investment strategy for me, similar to yesterday, would be to stay neutral and watch for changes in the market that could support our theories or help us adjust said theories for better foresight. That said, I do have buy orders for the price range $44 - $35 and alerts slightly above that to adjust the strategy if need be. I do expect LTC price to find support at the 0.382 retracement level before a price correction back past the 0.618 retracement level and hold within the golden ratio.
Please note that my views are not to be considered trading advice or knowledge. My thoughts on this matter are exactly that, thoughts. I will not be held liable for losses on your part after your decision to follow what I have mentioned here. That being said, Thank you for reading my perspective. Leave your thoughts below.
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