LTC has recently bounced off the $42 support, which held as support right before the massive bull-run started. In other words, LTC has given away all her gains since then.
However, with BTC coming right out of capitulation this might be the time to start looking for short-term long-entries.
We've been selling hard for weeks now; we're due some kind of relief rally I'd think. In that case, I'd be looking for $70 to $90 targets for LTC, assuming that we've bottomed for now.
Be aware that if we get a bullish move this will most likely be a dead cat bounce.
However, with BTC coming right out of capitulation this might be the time to start looking for short-term long-entries.
We've been selling hard for weeks now; we're due some kind of relief rally I'd think. In that case, I'd be looking for $70 to $90 targets for LTC, assuming that we've bottomed for now.
Be aware that if we get a bullish move this will most likely be a dead cat bounce.
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