At the moment I see LTC looking for some support at $60, according to my analysis this will be the period where it will signal that Litecoin has been oversold on the RSI and the perfect opportunity to get involved with this cryptocurrency.
Also, the 200 Day Moving Average shows another support at $58.50
Analysis: LONG BETWEEN $58.50 - $60
It's still little hard to tell at this stage, so stay tuned and I will keep you informed with up-to-date analysis so that you don’t miss a thing! Cheers.
Trying to understand TA and your view. How in this do I see that your target was $70 as you stated in a comment below?
Great call regardless, cheers!
dcaluzzi
⋅
@jwboing, There was a long-term support/resistance at that level. Unfortunately, if I zoomed out that far it would be hard to show the current picture. Thankyou.
petrusali
⋅
Target reached? What target? It broke?
dcaluzzi
⋅
@petrusali, We we're aiming for $70, that makes it a target.
@petrusali, Stay away from it for now, I think it'll keep dropping to about $500. That's where the 100 day moving average. I'll do an analysis once it gets there.
Great call regardless, cheers!