Litcoin likely to depreciate further against #BTC
Chart shows breach of the ascending trendline followed by a double top breakdown, drop below 50-day MA and a bearish RSI.
Could test 100-day MA of BTC 0.0167 soon.
Update On Litecoin
7 years ago by cryptonnn (56)
$0.67
- Past Payouts $0.67
- - Author $0.53
- - Curators $0.14
13 votes
- + jeff747: $0.640 (100%)
- + cryptonnn: $0.008 (100%)
- + joeviktora: $0.002 (100%)
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- + artcava: $0.002 (100%)
- + dreamboy: $0.002 (100%)
- + trangle: $0.002 (100%)
- + muhaimin: $0.002 (100%)
- + rinaokay: $0.001 (100%)
- + hasib56789: $0.001 (100%)
- + everjaimes: $0.001 (100%)
- + jeff-dawn: $0.001 (50.93%)
- + cryptaligator: $0.000 (100%)
I believe Litecoin has a very bright future ahead. It's one of the most practical coins. However for the short term, you should wait for the downtrend to reverse I believe.
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Thanks for the information
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I think there is a bit of momentum being lost in the market as well, declining btc volumes and price means we are probably looking at another retrace. I still remain bullish in the long-term
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