LTC flips Daily. Deeper movement into ALTS
Updated
hi. So we have another potential price flip bullish for litecoin forming. Will it happen to ay, will it be tomorrow ... we would have to check smaller timeframes for confirmation ... plus this daily candle has not completed yet to reveal if it is actually 'perfect' or not.
My sentiment is that we may have a separation/divorce from BTC into ALTS ... as just happened and predicted here with snapshot fever lol. BTC is going to drop some; that's healthy and all fine ... but where is the money going to go? It's not just going to sit there in USD or take a holiday (well, for some no doubt!). So my preduction is that we might see a more serious investment into ALTS as BTC takes it's dip to more attractive buying prices. I feel that yesterdays flip into ALTS may have showed people where to go ...
... we shall see.
Of course, this prediction is completely open, quite loose as displayed here and only a suggestion. I give no targets, not now.
- The lighter the blue line the stronger/fresher the supply ... thicker light blue ines are the best.
You will need to look closely for any confirmations of a long entry on your own charts with your own techniques. All the best!
My sentiment is that we may have a separation/divorce from BTC into ALTS ... as just happened and predicted here with snapshot fever lol. BTC is going to drop some; that's healthy and all fine ... but where is the money going to go? It's not just going to sit there in USD or take a holiday (well, for some no doubt!). So my preduction is that we might see a more serious investment into ALTS as BTC takes it's dip to more attractive buying prices. I feel that yesterdays flip into ALTS may have showed people where to go ...
... we shall see.
Of course, this prediction is completely open, quite loose as displayed here and only a suggestion. I give no targets, not now.
- The lighter the blue line the stronger/fresher the supply ... thicker light blue ines are the best.
You will need to look closely for any confirmations of a long entry on your own charts with your own techniques. All the best!
Note
My personal view on this is that with the BTC correction virtually upon us (maybe after a last noble price rise to the 5800 sell wall) - BTC will drag all token prices down and that LTC may even make the very fresh supply sub 48 - 46. This would be just be within the TD indicator rules. But there is significant multi-layer supply before that depth at approx 50 - so definately price reaction if that zone is hit. The approx 50 level may or may not be not the retracement level /decent price flip bullish I would like to see. It really depends if people move to LTC... the hedge crypto.
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