If you're one of those crypto fans who are looking at an opportunity to invest into Litecoin, it may not be the right time to get in now.
Based on our Elliott Wave analysis, we are expecting price to make one more move lower towards $145 - $162 area.
For short term traders, as long as price remains below $231, this might be a decent opportunity to short Litecoin with a potential target around $162.
For longer term investors, it's time to be slightly more patient and wait for a better area around $145 - $162 to start looking for opportunity to buy up Litecoin.
Disclaimer - this is not a trade advise or trade call. We are simply presenting our views based on our analysis. Make sure you have a proper trading plan and investment strategy before taking any trade.
Based on our Elliott Wave analysis, we are expecting price to make one more move lower towards $145 - $162 area.
For short term traders, as long as price remains below $231, this might be a decent opportunity to short Litecoin with a potential target around $162.
For longer term investors, it's time to be slightly more patient and wait for a better area around $145 - $162 to start looking for opportunity to buy up Litecoin.
Disclaimer - this is not a trade advise or trade call. We are simply presenting our views based on our analysis. Make sure you have a proper trading plan and investment strategy before taking any trade.