Litecoin Price Could Dive Further Under $ 120 Before The Bullish Movement

in cryptocurrency •  7 years ago 

Litecoin lost almost 65% for one month in the bearish Cryptocurrency market. Litecoin price prediction below looks at why LTC / USD could dive further under $ 120 in the coming days.

The Cryptocurrency market has been bearish in the last 2-4 weeks. Litecoin bearish started in mid December 2017 and has not restored the page. Price before dive, peaked close to $ 400. Last week, it made a new low for trading under $ 150 for the first time in seven weeks.

Unless there is a sudden break up, it appears that the dip continues below $ 120 in spite of the little bullish movement in the last 3-4 days.

The blue demand area, could be a good opportunity to buy and hold.

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  ·  7 years ago (edited)

bad news for litecoin
I love cryptocurrency very much and because this cryptocurrency can change the financial condition of people through very little time. It is very important to me that I pay attention to the posts of cryptocurrency

This help thanks for the head up man!

No problem

I really hpoe that you are right, been bearish for too long now. But as long as Bitcoin continues to slide, we're not going to see any upwards movement, apart for shortterm relief rallies.
I'm still bullish long term though!

Matter of time before it will go bullish.

I agree. Traders will play the market, so bears- and bulls- are expected. Long-term I expect a very bullish run as crypto-market is only just getting started but is expected to affect the daily lives of everyone, everywhere- except maybe the indigenous populations that don't care about the developing world.

  ·  7 years ago (edited)

We have to wait for the Chinese New Year on February 16th which can bring us good news according to specialists. Thank you for the information @tradewonk

My pleausre

That's how the cryptocurrency market is, some go down and some go up. Some progress and some are declined. But still cryptocurrency is risk, we have to take risk in making success come to reality.
Cryptocurrency all the way.
Nice one @cryptocurrency

Agree

Your articles are enjoyable! keep it up.
Charlie literally called the top on his trade lol.

That's bad for LTC
It has not been able to hold its market against the new ICO

Thank you for the information dear @tradewonk

Informative post.Thanks for sharng with us

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