A while ago, I suggested that LTC would go back down to 80-120.
'Madness!' I thought. But that is what the chart said. The chart is still playing out that way, so I remain short in the mid term.
However, I expect us to kiss the top of the flag before we head down. It may not be as aggressive as the last time this happened.
Once it does, I expect LTC to hit the buy zone. Be careful: 100 is a strong psychological figure, so it may struggle to dip below that point. Aggressive traders may wait until 80.
Notice that this is highly usual fractal pattern for cryptocurrency, we have a huge pump, then a full retrace, followed by a bigger pump.
What do you all think? Comments welcome, I am happy to offer perspectives on your analysis too if you link the chart.
Best of luck!
'Madness!' I thought. But that is what the chart said. The chart is still playing out that way, so I remain short in the mid term.
However, I expect us to kiss the top of the flag before we head down. It may not be as aggressive as the last time this happened.
Once it does, I expect LTC to hit the buy zone. Be careful: 100 is a strong psychological figure, so it may struggle to dip below that point. Aggressive traders may wait until 80.
Notice that this is highly usual fractal pattern for cryptocurrency, we have a huge pump, then a full retrace, followed by a bigger pump.
What do you all think? Comments welcome, I am happy to offer perspectives on your analysis too if you link the chart.
Best of luck!