The 200 week EMA, which has provided Litecoin a floor for many weeks, has flipped from support to resistance. This combined with the looming 13 week 200 week death cross is painting a very bearish picture for the future of litecoin. The only hope I could see would be a bitcoin moon run pulling up the sinking litecoin ship. Without a bull run by father bitcoin, litecoin is about to get crushed.
Red Boar
Red Boar
Commento:
Blood just getting started for litecoin, single digits inbound