I think LTC might be breaking out within the next 24hrs, I'm watching the $315 level as the breakout point with $370 as the target.
Komen
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Broke the support at 280, but tat could be due to massive sell off happening now, lets see if it recovers in the next few hours. Last few days have been a rollercoaster with cryptos. Thought we stabilized but maybe that's not the case yet.
Komen
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Testing second support
Komen
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Still watching the trend for a potential breakout but much less likely now that the market is recovering from a massive correction
Please tell me that you think LTC will be recovered by next week?
c0inc0llect0r
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@MR9696, That's hard to say, but the best thing to do is to be patient, not panic and just watch what happens. It may be a couple of weeks but I think it will recover. We're all on this rollercoaster together so just hang on :)
bucobutch
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digging the ride
c0inc0llect0r
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@bucobutch, Me too, nothing like it. Crazy to see billions of $$$ come and go.
jezuke97
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What about now?
c0inc0llect0r
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@jezuke97, now we wait for LTC to break the resistance at $284 and $300. When it does, TA will have to be revisited as it is no longer the same pattern. Target is still $370 but it may take a few days to get there. LTC recovered faster than BTC this time, which means it's quite bullish overall. Of course, this is my bet, there are no guarantees in crypto trading. I would wait until it breaks $300 to buy more.
usmcram
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if it breaks that support line...hodl harder?
c0inc0llect0r
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@usmcram, lol, the lower it goes the harder you hodl ... duuuuh :)
slamensd
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oops
c0inc0llect0r
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@slamensd, oops indeed, didn't see the massive sell-off coming