Litecoin is looking deadHello Litecoin traders,
This might be my first Litecoin post. If you were looking for good LTC news, I'm afraid you better look somewhere else. This is one of the most bearish charts in all of crypto. If Litcoin falls below this support level, which it looks poised to do so based on the moving averages, it's game over.
My target is $5. Yes, really. If we break below this level, I am seeing $5 in Litecoin's future. I don't think many people are going for the "silver to Bitcoin's gold" anymore. I think people are thinking "shit to the coin." I think Charlie Lee sold this because he knew it was going to shit. I'm not buying his excuse about it being shady for him to hold it. Calling BS.
I hope there as are few rekt traders as possible. There is nothing bullish here.
Good luck,
-YoungShkreli
PS Stick to Bitcoin
