Litecoin short-term channel (possibly)

4 août 2018

Litecoin is almost at the point of breaking down. It has tis major support at 72.5 and when it breaks it, we are in for a drop to $50-ish levels.

We may not see the continuation today as we have 7 red days behind us (in BTC) so we may play around for few days but in the next BTC drop, I think LTC may go to near $50.

Just wanted to share this quick update, let's see how it unfolds.

4 août 2018

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Fun chart: LTC... but from few years back. Very interesting.

5 août 2018

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Observing the chart on a Sunday evening, it seems the LTC may go to $78-$79 level now before piercing this support we have at $72.5. Not too sure, won't trade this but let's see how it unfolds, all shorts are still open - targeting $57.

6 août 2018

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$82->$68->$72->$49 could be in play here

7 août 2018

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Channel valid, LTC eyeing mid to low $50's

8 août 2018

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