What a surprise! All cryptocurrencies dropped overnight, and Litecoin had a major 9% loss. Traders say that it wasn’t unexpected – all coins should have dumped a bit after such a great advancement. But what’s next? Will LTC recover from its $77 position, or there are more threats ahead? Let’s read Litecoin price predictions from Twitter to figure this out.
What’s happened to LTC?
The crypto community was anticipating LTC to reach the $100 level, but that didn’t happen. Instead, LTC dropped below the $80 level:
Litecoin misses $100 and falls below $80#LTC #Litecoin pic.twitter.com/QKLNR6Siov
— Altsignals.io (@Altsignals_io) April 11, 2019
No need to worry
The pullback was natural, and a few more moves downwards shouldn’t discourage you, either. All in all, Litecoin looks normal, and technical indicators are all OK:
#Litecoin #LTC doesn't look bad honestly. Just zoom out. 4hr chart. Need the BBs to round off at the bottom just like the last time they overstretched. Overall looks healthy. May need to retest that old resistance and possibly wick down into that green box around $68ish. pic.twitter.com/TBItOJKsam
— ROBonaut hoDl (@BoilingPointLTC) April 12, 2019
Here’s another Litecoin price prediction claiming that Litecoin might fall lower to recover again:
Litecoin (LTC) Price Could Extend Losses Before Fresh Climb https://t.co/cVexZWjmpa pic.twitter.com/y8WRlWo86m
— Ron (@ronmc1) April 12, 2019
Luckily, its major drop will precede another rocket-speed spike:
Cool off, Litecoin (LTC) May Drop To $60 Before Rallying to $110 https://t.co/Ooy3MroIEK pic.twitter.com/5jSh6togiW
— cyprosoftware (@cyprosoftware) April 12, 2019
Some LTC price predictions look truly dreadful. A pullback to $46 seems to be too serious:
$LTC retracement till 46.8$. before we resume another bullish move.#LTC #Litecoin pic.twitter.com/eW4wsAI8Fn
— Bully The Bear (@Bully_TheBear) April 11, 2019
Even though MACD doesn’t look good, do not fear the bearish support:
#LTC #Litecoin
— Keegan (@donkeybones82) April 12, 2019
? 4H timeframe, bearish to $73 support
? MACD Still has downward momentum despite slowing down
? Daily MACD is very steep pic.twitter.com/x6jOltpXMn
LTC mid-term prospects
Generally, LTC’s future looks bright, and some traders expect mind-blowing profits:
#Litecoin +%400 Gains In Less Than 4 Months, What’s Next? Read the full analyisis at https://t.co/JreMv5C5Kj #exchangeyourway pic.twitter.com/vAYrdo8cCh
— DX.Exchange (@DXdotExchange) April 11, 2019
Experts share this opinion:
Bitcoin and Łitecoin are the most trusted crypto currencies
— Master ⚡️ (@xtdisnkfe) April 11, 2019
10 yrs old and 7 years old respectively
$50,000 Bitcoin
$1,000 litecoin https://t.co/cPwdiMqkwk
(4)$LTC/USD#Litecoin
— E (@GS612) April 11, 2019
& here we are d(P,100/200)
We are now @ an area of int S, however keep a close eye on the "curling action" on the 100d.
If downward slope towards 200 + violation of up bound channel occurs => 58-60 relatively fast.
For upward momo cont, has to hold 72-74 pic.twitter.com/P2ul7pAEOK
What to do with your LTC reserves?
If you have it – hold. If you don’t – buy! This is a high time to make an investment!
Opportunity coming up to buy litecoin daily 20 MA, as it pulls back from the top BB #Litecoin pic.twitter.com/SiYQaf1gtT
— B.Lorenz (@charting_crypto) April 11, 2019
Look at this chart:
(4)$LTC/USD#Litecoin
— E (@GS612) April 11, 2019
& here we are d(P,100/200)
We are now @ an area of int S, however keep a close eye on the "curling action" on the 100d.
If downward slope towards 200 + violation of up bound channel occurs => 58-60 relatively fast.
For upward momo cont, has to hold 72-74 pic.twitter.com/P2ul7pAEOK
The tweet gives us a good explanation as to what to do with LTC. Once it drops to at least $60-68, we should enter the market. The current LTC drop is not a sign of bearish tendency – it’s a temporary phenomenon, and LTC has all chances to touch the $100 mark by the end of the month!
Dan Burgin
U.Today Editorial Team
