As I mentioned in my previous post about the market bias, I pay close attention to Litecoin at the moment. LTC is currently trading at support from june 19, 2017 and will definitely not go away. Since we can not be sure which coin is here to stay and which not, in my opinion, LTC as one of the first coins emerged in 2013- is here to stay. Also Litecoin is often times set in relation to bitcoin as digital silver. TA wise: 20MA is showing a possibly bearish cross-over on the weekly chart. The first horizontal line should pin-point the blow-off-top from Nov 25, 2013 which hasn't been tapped yet and has to keep in mind.
Will Litecoin consolidate around the current support area with and then take off for the final run in Q4 or are we going much lower and revisiting 2013 top with another -60,59% drop in price ? Since no one can predict the future, it is not unlikely to happen. Cryptocurrencies will face more regulation in the near future and that could be a catalyst for more fear because most young guys are not certainly aware when it comes to taxation.
Will Litecoin consolidate around the current support area with and then take off for the final run in Q4 or are we going much lower and revisiting 2013 top with another -60,59% drop in price ? Since no one can predict the future, it is not unlikely to happen. Cryptocurrencies will face more regulation in the near future and that could be a catalyst for more fear because most young guys are not certainly aware when it comes to taxation.