Written by S3052.
What Happened To The Litecoin Forecast From Last Week?
In this blog, we regularly update cryptocurrency traders and investors, for example on Litecoin forecasts and other cryptocurrency forecasts. Last week, we gave a litecoin forecast. We stated “If this breakout persists, there is a good chance that at least a short term Litecoin rally develops. A possible first target zone for this rally is the 1.5 – 1.7 $ area.”
And, so far, the altcoin followed our Litecoin Forecast quite well. It reached 1.447 $ at BTC-e, very close to the target zone.
What Is Next In The Litecoin Forecast?
Our short term in-depth analysis reveals that Litecoin prices may now be at the very end of a bearish wedge or triangle. There is a high chance for Litcoin prices to plunge dwon again, particularly once 1.36 $ is broken. Further downside exists if we fall below 1.20 $.
We stay very close to Litecoin prices and Litecoin predictions and if you like to learn more about premium subscription packages, you can review those here. We will update also on the Litecoin Forecast regularly:
Have a great BITday!
@S3052
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Happy trading and have a great BITday!
Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at terms-conditions-disclaimer/.