Litecoin ( LTC ) VS Bitcoin ( BTC ) - Update
Litecoin is currently in a consolidation phase
Within two days, the matter should be clarified
On the chart H1 we can see that the price is close to 0.618 according to the fibonacci level
H1 Chart
According to me it will be a key moment because the price has to break through and break our trend lines
I am expecting more declines as increases by looking at chart histories
When it comes to the D1 chart, the price is also high at 0.786 fibo line, which gives me another signal that the price will be more willing to go down
D1 Chart
Point 0.5 how many people know is the strongest, so we expect that the price will fall to this point more than it will go up.
Watch the price and then act
1H Chart
https://pl.tradingview.com/x/C2uoeDKN/
D1 Chart
https://pl.tradingview.com/x/CkHHs2jH/
DISCLAIMER
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Thank you!
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