My overall view of LTC is still watching its testing the lower trend line and really having a hard time taking off do to some low volume. There is a few things that could impact LTC in my opinion. So let me begin by explaining my chart.
basically if nothing changes and LTC follows the trend its on 340 would be a reasonable target in the near future. the green lines in the chart is next levels of support and the blue lines are the next two levels of resistance. Very basic .
Things that are worrying me is the fact that LTC has been running on very low volume. It has had a problem getting through resistant levels and staying above them. However if you look at the few other currencies on coinbase since the addition of bitcoin cash the volume has dropped off across the board. I think there is a few reasons for this as well do to the news of insider trading as well as the holidays. But if you look at the trends that was halted do to the addition of bitcoin cash and the news of more currencies being added in the beginning of 2018 on coinbase. I think this will continue to effect the volume of LTC for the near future. If LTC does not get through the next few levels of resistance in the next few days I look for it to fall through the trend lines and continue to fall for the near future. This would allow some more buying opportunities around 250 in my opinion.
Please note this information is my opinion. I do not offer any advise or promote any trade. Please do your own research. I will gladly comment on any comments left as long as they are done professionally. I won't respond to comments designed to be negative.
basically if nothing changes and LTC follows the trend its on 340 would be a reasonable target in the near future. the green lines in the chart is next levels of support and the blue lines are the next two levels of resistance. Very basic .
Things that are worrying me is the fact that LTC has been running on very low volume. It has had a problem getting through resistant levels and staying above them. However if you look at the few other currencies on coinbase since the addition of bitcoin cash the volume has dropped off across the board. I think there is a few reasons for this as well do to the news of insider trading as well as the holidays. But if you look at the trends that was halted do to the addition of bitcoin cash and the news of more currencies being added in the beginning of 2018 on coinbase. I think this will continue to effect the volume of LTC for the near future. If LTC does not get through the next few levels of resistance in the next few days I look for it to fall through the trend lines and continue to fall for the near future. This would allow some more buying opportunities around 250 in my opinion.
Please note this information is my opinion. I do not offer any advise or promote any trade. Please do your own research. I will gladly comment on any comments left as long as they are done professionally. I won't respond to comments designed to be negative.