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RE: Bitcoin and Litecoin in 2018- Some Perspecive
Considering that the total crypto market capitalization virtually doubled in the month of April, it wouldn't alarm me if we see a short-term correction before prices climb again. It seems very possible that Bitcoin could retest prices around $8700, especially since that would represent a .382 retracement of the price movement that began on April 9. In order for this to happen though, BTC will have to break below its current support ~$9000.
What are your thoughts?
True! I was there for the january dump and watched the bottom fall out.
From a technical perspective i see a resistance at around 8.9k and aftet that we will see.
I am holding stable coins and a small bit of litecoin and bitcoin.