Litecoin escalated from 6th to 4th place in terms of capitalization among the cryptocurrencies - $ 13.5 billion.
At the same time, LTC takes the second pace among cryptocurrencies' trading volumes for today: $ 4.5 billion.
The signal for the purchase, which we wrote about earlier, worked 150%
Graphically calculated growth targets are exceeded. How can I orient myself?
We propose to focus on the multiplicity of growth from the beginning of the year.
Ethereum has grown 50 times. Litecoin also made it: $ 5- $ 250
The significant difference is that Ethereum has a stronger, well-developed support level.
At LTCUSD, on the weekly chart, the level of support was far behind: $ 100
Thus, the potential for possible correction exceeded 50% of the current price.
The current moment is not very good for buying.
We downgrade the recommendation for LTCUSD to Hold
The graphs for every technical analysis we make, are available on https://www.facebook.com/ICEX.CH/
#icex #bitcoin #cryptocurrencies #investment #exchange #analysis #litecoin