Litecoin on the daily chart is right above one of the red line put on the graph to set the low similar level of prices.
What can we expect?
The current market confirmed the cycle that happen each year during the last month of the years. The price will be at the lowest up to December then will increase in value in January. This tokens prices may varies slightly lower than previous record.
The graph on the hourly chart shows evolution sideways of the token values. We hope that hodlers of the tokens refrain in trading during this periods because of the volatility. Accumulation of the LTC for a long period may be an option during this part of the cycle we entered.
The market volatility must be taken into consideration in all our analyses. The external factors also play a significant role in the change of trend on all the cryptocurrencies chart.
My personal opinions are shared in this article. Therefore, I invite my audience to conduct detailed individual researches on the topic before taking any actions.
Thanks for stopping by
Feel free to share your point of view in the