Is it time to buy Litecoin? There's been a lot of misconstrued information tossed around here on Youtube, there's a lot of larger channels simply reading news from various media outlets, which as we know is based on opinion nine times out of ten. Therefore, not factual.
My aim in this video was to give you real technical analysis which you can use in confluence with your own research to allow yourself to make the best trading decision possible.
Litecoin has been one of the biggest movers both against Bitcoin and USD over the past week. We are now seeing a retracement back to previous support, along with the MA acting as another level of support. Expect Litecoin to consolidate around this level for a while before eventually moving on up again.
Final target for Litecoin are $420 and $500.
This is not investment advice, just purely my own opinion and should never be used to solely make an investment.
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