LTCUSD at critical point as well
Litecoin (USD, Bitfinex) looks to be in a very similar development as Bitcoin. Where Bitcoin broke through the 200 day moving average (200d MA), however, Litecoin bounced nicely off.
As we reach a possible green 4 in the time analysis and the 0.236 fibonacci level, the trend may reverse down, or continue to try for a green 9 at around the 0.382 (229) fibonacci or around there.
I would be cautios, yet optimistic about Litecoin since it actually held above the 200 day moving average, unlike Bitcoin (BTCUSD) (see my previous post).
Leave LTCUSD at critical point as well to:
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