If LTC corrects, from the hi/lo and volume I deduced it could reach the marked support levels. From the overall popularity and demand for crypto I think that in the medium-term the trend is looking to be bullish . I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if you have some thoughts on ETH, BTC or LTC :) or if you see something I have missed in this short analysis of LTC. Right now I have a little bit FOMO, but I would feel uneasy just throwing some money into crypto without waiting for a little pull-back, knowing that there is a chance of bouncing from the support levels. I don't see anything like that for the future price of crypto. Is the price going to fall after raising another 10 or 20 or 30%? I don't know.. but what I feel like I might know is - big tech is investing into crypto, and incorporating its platforms (ETH) into their systems. So I feel like a fall of 10 % or even 20 % would be seen as a big buying opportunity by everyone, making the price jump back up.
Well, those are my thoughts for now, have a wonderful day!
„You don't want to put all your money on one horse in this business; nine times out of ten, the second horse comes first.” Michael Caine
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.