So we have had a huge Market correction. BTC and Alts correcting from 30-70%. price has been steady at the support around $240. a single wick closed the gap from the initial bull run indicating that price will not be declining to that level again but instead, preparing for a further rally. at the current support, we can also find the 50% FIB level which just strengthens our support here. If you notice, you can see a down trend line that has been broken and has currently retested. from here, all i can see is huge upside potential, i can not see LTC diving any lower. Only time will tell but with the price so low and with such huge potential, i see it as a BIG indication to BUY NOW.
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we are now seeing some rejection at the support level. if this holds, its looking good for this being our LL