Don't BUY the FAKE OUT BREAKOUT!!! New Target 48.76 THEN 10.72!!
Everybody now is extremely bullish on Lite coin, and talks of Mooning, and that the bear market is over.
So I had to come out of hibernation and give the Bear's perspective.
Back in early 2018 people were taking about SALT coin and how you could borrow against it and pay it back with the profits of it going up. In taking a look at SALT currently it has fully capitulated and trades at .18. SALT also had a minor upside breakout after it's initial crash, but it still fell all the way down to .18.
So If do the math and apply it to Lite coin this is what we get:
SALT
.39 8/14
.83 10/22
.18 2/17
Lite Coin
Low point after initial crashing ~23
x 2.12 increase = 48.76
x 78% Retrace =
10.72 TARGET!!!
So don't drink the Kool Aid and buy this fake out!! Because nothing feels worse then to rub "Salt" on a wound!
Best of Luck. I'm going back to sleep.
So I had to come out of hibernation and give the Bear's perspective.
Back in early 2018 people were taking about SALT coin and how you could borrow against it and pay it back with the profits of it going up. In taking a look at SALT currently it has fully capitulated and trades at .18. SALT also had a minor upside breakout after it's initial crash, but it still fell all the way down to .18.
So If do the math and apply it to Lite coin this is what we get:
SALT
.39 8/14
.83 10/22
.18 2/17
Lite Coin
Low point after initial crashing ~23
x 2.12 increase = 48.76
x 78% Retrace =
10.72 TARGET!!!
So don't drink the Kool Aid and buy this fake out!! Because nothing feels worse then to rub "Salt" on a wound!
Best of Luck. I'm going back to sleep.