Hey guys, the overall correlation to BTC on the altmarket is still clearly visible. However, there are some coins that have been performing much better than BTC. As for Litecoin, we saw price forming a double bottom, but still need a confirmation for it to count it as valid. This would happen if we get to see an impulsive break & close above $175 level. Note that BTC, XRP and almost any other coins are also nearing themselves a heavy resistance zone - in most cases, both dynamic and static. So as for now, I am neutral and will be either looking to add to my holdings after a minor pullback after breaking to the upside or to wait and see price forming another leg to the downside. Unless you're an experienced trader and absolutely new what you're doing - I would not advise you to time the market as chances are high that you will either lose or miss out on percentages. Invest & forget would be the best choice in this case. Safe trades! If you want to be notified in real-time with more in-depth forecasts and opinions, feel free to join my free Telegram! t.me/bbgtv
Kommentar
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BTC & XRP just hit the psychological level of $9000 and $1, while NEO has just touched its upper trendline within a symmetrical triangle. LTC, XRP and BTC are now all in the orange trouble zone which I've marked on the chart. Will we get to see a break or a bounce back to the downside? Let's start with NEO: logically there should be....
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IF we break the pattern, the target for ltc is around 240usd ?
BudBronson
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@MarcelMartins, $210-215 as a conservative target as it is both the peak of former wave 4 and the trough of former wave 1. If price violates this level then yes, the next target would be $240
MarcelMartins
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@BudBronson, Thanks a lot man, have a good weekend.