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.
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.
CryptoGod925
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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.
erisoft
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@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.
tommyh00
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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.
erisoft
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@tommyh00, News are created at any moment, just to be careful.
Natetoup
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I'm sorry but no. CME futures contract for Bitcoin is the story. Atomic swaps. LTC overloaded Coinbase. The lightning network is proving worth. all we all looking for is a 20-30% consolidation for another monster bull run. Crypto just has too much money flowing in right now for it to be a bear market.
erisoft
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@Natetoup, I know but latest down of bitcoin was planned by whales they have tons of btc and ltc, remember whales always want to buy cheap and sell so high. The pattern seems strong due to in the past happen. It is just an idea be careful.
CryptoGod925
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@erisoft, yes and you can compare the BTC graph with LTC and ETH. They all took a nose dive exactly the same time! Was very well planned. However I can see a correction hitting to $70 but no where in the $50 mark.
erisoft
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@CryptoGod925, You are right, about the correction the time and the market will say something next days. Thank you by your comments.