Is Litecoin heading back to the 70's or the 50's? (my opinion)
hello all! As always i hope you're all well!
Im going to keep this short and sweet, so straight to the point!
I believe we will see Litecoin break out of its current pattern in the next 3 days, we are currently in-between a level of support at $60 and resistance at $64.
Now i believe if we fall through the $60 support level we will see it sharply test the $57 mark, now the $57 support level should hold up but if not we have some strong support at the $54 mark and some major support at the $50 mark, so i don't see us falling below the $50 mark anytime soon.
Now if we break through the first level of resistance at the $64 mark i believe we will see it sharply test the next level of resistance at $67, in which i personally believe it will break out into the low $70's (within a week)
I shall re asses the chart in 3 days time as i believe this is when we will start to see a new pattern emerge.
Thats all i have for today, so as always do not make any financial decision's based on the information/opinion/predictions i provide, i hope you find my opinion/view useful in some way or another. peace out! any feedback/suggestions you have (good or bad) please post it in the comments, its much appreciated thanks! safe trading!
Im going to keep this short and sweet, so straight to the point!
I believe we will see Litecoin break out of its current pattern in the next 3 days, we are currently in-between a level of support at $60 and resistance at $64.
Now i believe if we fall through the $60 support level we will see it sharply test the $57 mark, now the $57 support level should hold up but if not we have some strong support at the $54 mark and some major support at the $50 mark, so i don't see us falling below the $50 mark anytime soon.
Now if we break through the first level of resistance at the $64 mark i believe we will see it sharply test the next level of resistance at $67, in which i personally believe it will break out into the low $70's (within a week)
I shall re asses the chart in 3 days time as i believe this is when we will start to see a new pattern emerge.
Thats all i have for today, so as always do not make any financial decision's based on the information/opinion/predictions i provide, i hope you find my opinion/view useful in some way or another. peace out! any feedback/suggestions you have (good or bad) please post it in the comments, its much appreciated thanks! safe trading!
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