WHY I AM ON LTC?? Simple.
On the 18th there is a hard fork coming where all LTC holders will get LTC Cash. I don't expect LTC Cash to be a massive hit at the beginning, but Charlie's idea of a faster and cheaper network makes a lot of sense, and will actually become a coin for real use. We all know that LTC has enough fame to be a potential contender, so improving the usability of the coin makes it the more attractive.
Let's take the scenario into account, and assume we get a BTC slide all the way down to 6k again, full crash and everybody screaming for help. In that scenario, LTC would certainly suffer and we would see it goe all the way below the 100 dollar level. Same as what we had when we started trading LTC back in Novemeber 2017. But there is a major difference, you would get free LTC Cash.
And this new coin won't appreciate to the BTC Cash levels, but it would certainly appreciate over time. So it is a good mid-term investment. This means that you would have to hold or liquidate your LTC at the crash but keep holding your LTC Cash throughout the storm. And after it passes you will recoup your losses with a profit.
So it is not that bad. is it?
Now the TA.
We are seeing good support hold, and finally have broken the inner with a retest of the breakout, which is GREAT!!, this means that in all likelihood we are going to the outer