erisoft
Panjang

LTC Expected Hard Correction

BITSTAMP:LTCUSD   Litecoin / Dollar
Taking a look to what is happening to LTC at Bitstamp .

I was looking to the past seems like a strong correction is needed to get another big jump up to 110usd take a look and provide your comments about it.

Regards
My expectations around $120 / $130 correction has already done.
Balas
The drop in September is due to China exiting out of the market. That was a special case that I don't think will happen again unless Japan or Korea ban ICOS which will never happen. The correction is already underwent as recently all coins went down 20% after Bitcoin was overbought to 11K.
+2 Balas
I cant see it dipping below 80, at that price I see too much support at it rallying to 110-120 by Christmas, just my speculation though
Balas
Past big crash was due to China. Maybe would see the same crash if US or Korean markets were banned, but don't see any reason to believe that.
Balas
I hope you're wrong... I bought at 101usd.........................................
Balas
I posted a similar thing the other day. The thing I like about LTC is it moves pretty predictably. I do think the CME futures has the potential to influence this though. I guess we'll see. The market has changed a lot in the last few months.
Balas
There was already correction after the bubble popped.did you not witness the epic crash? It will stay in the $80's for a bit but will start slowly moving upward to $100 by year end.
+1 Balas
erisoft CryptoGod925
@CryptoGod925, In the good case will touch near 70usd and will bounce up that could invalidate the pattern, but if do not it will reach 53 region I think and a massive buy will bounce the price up.
+2 Balas
ummm pretty sure the drop in Sep was due to China news and across the board drop in BTC and ALTs... there is no similar negative news out there at the moment - just people speculating about psychological barrier of 10K Bitcoin.
+1 Balas
erisoft tommyh00
@tommyh00, News are created at any moment, just to be careful.
+1 Balas
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