LTC Channel Unbroken, What's Next?
Just as the title says, the LTC channel hasn't been broken in months, and it doesn't look like it's going to break one way or the other anytime soon. What does that mean for us? It means in the short term we can reasonably expect the movement to touch the bottom green line, which is about $107, and if it dips a little lower we can figure high 90's. However it has hovered just above the line before and continued its rise to the upper $140's but if it happens again I think we will see much higher into the $160's or $170's!
This is also the perfect time to consider divesting LTC into BTC since the overall value of LTC Vs BTC has increased over the past few days and continues to rise! What this means with a BTC bounce back to rising trends will net you more LTC in the long term! One thing is sure though don't stay in fiat for much longer if you are!
This is also the perfect time to consider divesting LTC into BTC since the overall value of LTC Vs BTC has increased over the past few days and continues to rise! What this means with a BTC bounce back to rising trends will net you more LTC in the long term! One thing is sure though don't stay in fiat for much longer if you are!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.