The target hasn't been hit yet, but we might end up hitting it, and stalling there for some time, as I had explained in the monthly chart I posted. If you're long, look into closing margin longs on target, or if you own more than 50% account, go back to BTC to maintain equal weights in your cash account (spot, no leverage).
The support here is strong, so you can...
Demand increase . Mabe in one or two weeks we will get a more clearly activity of buyers wich will give us a Higher Low where to calculate our risk and put our SL .
11 Aug - 18 Aug: 42 CNY to 22 CNY (-48%)
18 Aug - 21 Aug: 22 CNY to 38 CNY (+33%)
22 Aug - 23 Aug: 36 CNY to 29 CNY (-24%)
23 Aug in an hour: 29 CNY to 33.21 CNY (+13%)
It looks like Litecoin will never die even with the strong competition of other alt coins. Its advantage is a huge acceptance in every China exchanges, every 1% swing in Bitcoin will result in...
This may be the final push to Litecoin's coffin if $4.3 support breaks, we have almost zero support for Litecoin after $4.3 since it got pumped way too fast back in December.
Expect more downside, $4.3, $3.4, down to $1.
Ongoing triple bottom formation. RSI looks to be breaking out of the downtrend in short term, if successful we should see price hovering around $7~$7.6 over the next few days.
However you should also be cautioned against the current sentiments on Litecoin. Given the competitive market of alt coins with strong contenders like Dark, Black, NXT & more. The bulls may...
