Let's get to it, the multiple rejections at $140 is not a good sign for Litecoin. When taking a step back from the market, it would seem that the aggressive bull move has run out of fuel. I would not be surprised if we head back down to $125, while Bitcoin takes some of the shine from altcoins. One positive for the end of the week is the fact that Litecoin will not be dropping lower than $100 as the 90-day VWMA is now clearly sitting at this price. Until the halving, I don't think Litecoin will breach $150. Litecoin needs more momentum to break through $140 and $150.
Conclusion: At the current price above $135, I would not purchase Litecoin. No need to take my word for it but I think there is more value between $125 - $130. Check the value area below the Blue VWAP line. If you can buy Litecoin within the green value area that would be amazing.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
Conclusion: At the current price above $135, I would not purchase Litecoin. No need to take my word for it but I think there is more value between $125 - $130. Check the value area below the Blue VWAP line. If you can buy Litecoin within the green value area that would be amazing.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
