There has to be a regression at some point. I agree long term is very solid but the next few months SHOULD have a pull back. If the media coverage keeps up it might fuel the pump for a little while longer, but eventually people will sell
LTC looks to be correcting back down to the trend line that began when the bulls took over a couple of months ago. It broke down through the aggressive trend that ended at the $144-ish mark. I think a good buy level would be at this $120 range and then I would imagine a large run up to around $150 - $175 would begin until a few days before the halving and then a...
Plotted the original trend line before the "bubble" last time and it can tell us that LTC is still on track with steady growth for almost 2 years. A cup pattern is starting to emerge and I think the green square will be a time of extreme volatility one way or the other... Most likely both.
Here I have mapped out two trend lines that are significant in my mind. One is a long term steady incline that started on March 3rd 2017. The next was part of the market explosion in November. The question is which will it settle into? Let me know what you think.
First off - I have no idea what I'm doing and am learning how to read charts.
LTC looks like it's stuck in this downward channel and has not been able to break out. It seems to have predictable waves which would probably be good for traders but possibly bad for holders. It needs to break out of this channel or I think it will continue to trend down.
Personally...
