From the looks of it, we're about to see the nosedive that keeps LTC within the downtrend channel. What I thought was a breakout actually was confirmation of a continued downtrend, with yet another lower high at the peak of today's run.
I see no indication that the trend has completed. The cycle is repeating, and I think we would need to see a sideways trend before this ends. I'm surprised that LTC is not breaking out just yet, while BTC, ETH, and BCash are looking bullish. I think it will take some time before we see what the REAL support level is.
I see no indication that the trend has completed. The cycle is repeating, and I think we would need to see a sideways trend before this ends. I'm surprised that LTC is not breaking out just yet, while BTC, ETH, and BCash are looking bullish. I think it will take some time before we see what the REAL support level is.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.