At the moment, LTC/USD is in a very sharp correction. I assumed that the price after which the top was formed at the beginning of May, followed by a strong sell-off, could show another rebound at least to the lower trend channel line.
It didn't even happen. The price simply fell further after the short-term uptrend was broken and immediately hit the lows of March/April 2018.
A double bottom was formed, which has already been broken through downwards.
If there is a rebound to the lows from below, it is important not to rebound again in order to reach further lows. In that case, the next price target, the overall and long-term uptrend in the range of $85.00
Should the long overdue countermove be successful, price targets on the upper side in the range of $125.00 - $140.00 are to be expected.
This is NOT investment advice and does not encourage buying or selling. Every reader is aware of this and makes his own investment decision with his own understanding of risk management!
Cheers Jessy