The correction for LTCUSDT is almost done, a drop below $100 into the major demand zone is needed before the next bull run starts. The potential target is around $500 and it might take 1-4 months to complete.
Always remember to never trade on margin/leverage for cryptocurrency. It can ruin you.
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Perhaps LTC has indeed found a bottom and turning, but we shall not FOMO into buying here, there will be other better opportunities.
This is one of the only commentaries that I can agree with today. I made a mistake yesterday, by not setting a limit order for $105. Then I bought back in at $140 against my better judgement. People have been talking about the double bottom that formed, signaling a breakout. But the run has stalled. I think you are right. I just don't feel like this is going to sustain itself into a bull run. My thought was a dip to $105, a recovery, and secondary drop down to $70. I came to this conclusion by looking at the overall chart, not by drawing a bunch of messy lines with complex geometric over-analysis. Sometimes I think we make things way too complicated. Anyhow, thanks for posting your idea and confirming what I was thinking, despite other matching opinions.
@carltonzone, In my opinion BTC will move first which will cause many traders, especially new ones to dump their alts and jump into BTC, this would cause the last drop for most alts. At least that is what I am expecting.
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