Litecoin: Will It Bust Through Fib Levels?steemCreated with Sketch.

in #bitcoin • 8 years ago (edited)

Litecoin is testing it's Fibonacci level of 0.5. On the 16th we started to see it's rapid decline from 0.382 blasting down through 0.5, down through 0.618 and back up again pretty suddenly and is now retesting that 0.5 level.

Since Litecoin's price didn't even hesitate to push down through 0.5, I wouldn't be surprised if Litecoin took a weak bounce here from 0.5 at $200 and headed lower .

Then again, I'm no Fibonacci guru. 

#money #cryptocurrency #steemit #crypto
8 years ago in #bitcoin by
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