LTC hard support at 100. Early July 100-120 accumulation zone with rational ability to bounce back from anything sub-90 in a matter of weeks. If new money presents move past 145 before late July, parabolic upswing will occur. Otherwise we will move past 145 early September. Halving will solidify hard support at 100. Opportunity knocks for new money to push to hard 180 by December.
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I apologize for using the colloquialisms of "go parabolic" / "moonshot" type derivatives. LTC will gain momentum quickly with new money, if new money comes soon.
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That little house that I predicted has built itself on the prairie.
So - where to next? I would set my sights on a Litecoin $45 and skip buying in the 50-60 range. Why?
We are presented with a weird scenario in late October, I can see some clever marketing winning over American holiday dollars. Maybe not for LTC directly, but for some form of crypto. I don't see any direct reasons why LTC should be a long term hold. Will retail buying of LTC just so that they can buy other cryptos be the factor? How could it be?
So - where to next? I would set my sights on a Litecoin $45 and skip buying in the 50-60 range. Why?
We are presented with a weird scenario in late October, I can see some clever marketing winning over American holiday dollars. Maybe not for LTC directly, but for some form of crypto. I don't see any direct reasons why LTC should be a long term hold. Will retail buying of LTC just so that they can buy other cryptos be the factor? How could it be?
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Disclaimer: I hold 160-200 Litecoin at any given time but I do not hold it for a long term investment.