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:
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:
Here’s another Litecoin price prediction claiming that Litecoin might fall lower to recover again:
Luckily, its major drop will precede another rocket-speed spike:
Some LTC price predictions look truly dreadful. A pullback to $46 seems to be too serious:
Even though MACD doesn’t look good, do not fear the bearish support:
LTC mid-term prospects
Generally, LTC’s future looks bright, and some traders expect mind-blowing profits:
Experts share this opinion:
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!
Look at this chart:
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!