Currently very sceptical on Litecoin

COINBASE:LTCUSD   Litecoin / Dollar
Currently a lot of people post charts of Litecoin going to surpass 290 and above. However I don't see the same picture.

Right now LTCUSD is in a minor correction to the upside. With the current mini flag in the making we can hit $280. But in general I'm not too bullish on Litecoin. For Litecoin to go back to the $400 area it needs to break the major downtrend but until it does that I will stay bearish . If it breaks the flag to the downside I see it go to $140.

Also I think that it is important to add that people are moving away from the big 3 BTCUSD , ETHUSD and LTCUSD and into Alt coins. With XRPUSD as the biggest gainer in market cap the last two weeks. But also coins like ADABTC is gaining more and more in popularity.

I'm also not too bullish on BTCUSD and if it takes a big hit it will drag Ethereum and Litecoin down.

Let me know what you think of these possible scenarios
Dagangan aktif: The fall came sooner than expected
Agree with the comment on Btc but Eth... it's rocketing
madsroland EtherSwinger
@EtherSwinger, well ETH is also falling. Just not as much as the other two.
Agreeing also, there is lack of trading volume on the ltc, making me think there is no momentum for a bear rally.
Waited for the last few days to see if trading volume picked up for the bull, but wasn't there.
Putting my money into XRP and ADA for now
will24241 will24241
@will24241, *bull
Cool...if it does, I will be backing the truck up at those prices!!! Bring it on!
+1 Balas
Based on the lack of momentum, I would have to agree. All that basing work 210-220 and just dies at 250.
+1 Balas
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