This is a more long term trade idea. I have marked some channels LTC has followed. We are at the point we could fall back down to bottom of yellow channel, but if we break above the median of the channel we may make it to the top of yellow. Better case, we hit top of bigger larger channel around 3k range per coin. Personally, I've been a bit surprised LTC hasn't taken off already or at least hit the previous ATH yet when other top coins have a while back.
That being said, LTC/BTC valuation has been more or less "plummeting" this whole time at a somewhat steady rate.
Buy: Sub $200
Target 1: $234
Target 2: $435 ish
Target 3: $1100 ish
Target 4: $3900 ish
We would need to break and hold each level obviously and this may just be wishful thinking, but need to break purple first. Large Large gains if plays out though, and it isn't like LTC is just your #1000 alt coin or anything.
Disclaimer: I am not a professional. I am just sharing an idea. Trade at your own risk.
Happy Trading!
That being said, LTC/BTC valuation has been more or less "plummeting" this whole time at a somewhat steady rate.
Buy: Sub $200
Target 1: $234
Target 2: $435 ish
Target 3: $1100 ish
Target 4: $3900 ish
We would need to break and hold each level obviously and this may just be wishful thinking, but need to break purple first. Large Large gains if plays out though, and it isn't like LTC is just your #1000 alt coin or anything.
Disclaimer: I am not a professional. I am just sharing an idea. Trade at your own risk.
Happy Trading!
Comment:
Targets were picked loosely based off boundaries of channels btw. Could be more or less depending on timing of intersections of boundaries.
