I don't know where the bottom for LTCUSD is, however I expect a scenario as outlined in the above chart. Weekly RSI hasn't been this oversold since 2015, and the block halving is now months away. Obviously now if BTCUSD keeps tanking all bets are off, but for now I am going with this.
Good luck!
Good luck!
Note
My long term outlook.
Note
Another possibility would be a slightly altered version of the above scenario, which would put the LTC bottom (and retest) between $14 - $16. Essentially the same scenario, with overall lowered price targets.
Note
Above two scenarios combined for a general range.
Trade active
Didn't get that dip we expected...LTCUSD still on track.
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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.