Currently a lot of people post charts of Litecoin going to surpass 290 and above. However I don't see the same picture.
Right now
LTCUSD
is in a minor correction to the upside. With the current mini flag in the making we can hit $280. But in general I'm not too bullish on Litecoin. For Litecoin to go back to the $400 area it needs to break the major downtrend but until it does that I will stay bearish. If it breaks the flag to the downside I see it go to $140.
Also I think that it is important to add that people are moving away from the big 3
BTCUSD
,
ETHUSD
and
LTCUSD
and into Alt coins. With
XRPUSD
as the biggest gainer in market cap the last two weeks. But also coins like
ADABTC
is gaining more and more in popularity.
I'm also not too bullish on
BTCUSD
and if it takes a big hit it will drag Ethereum and Litecoin down.
Let me know what you think of these possible scenarios
Right now
LTCUSD
is in a minor correction to the upside. With the current mini flag in the making we can hit $280. But in general I'm not too bullish on Litecoin. For Litecoin to go back to the $400 area it needs to break the major downtrend but until it does that I will stay bearish. If it breaks the flag to the downside I see it go to $140. Also I think that it is important to add that people are moving away from the big 3
BTCUSD
,
ETHUSD
and
LTCUSD
and into Alt coins. With
XRPUSD
as the biggest gainer in market cap the last two weeks. But also coins like
ADABTC
is gaining more and more in popularity. I'm also not too bullish on
BTCUSD
and if it takes a big hit it will drag Ethereum and Litecoin down. Let me know what you think of these possible scenarios
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The fall came sooner than expected
