LTC Double Divergences! Back in the channel! What next?!
LTC is back in this pitchfork channel that I had previously drawn. Look at the RSI, we have had not just one divergence, but another on the daily chart! Oh snap. This is a pretty strong indication that more downside is going to be in the cards. If BTC starts collapsing as i think it's going to, we will see this LTC go down to 100 at least. If the 100 level breaks, we'll be seeing a much more significant pullback. We'll have to wait and see what happens at the 100 level, but for now, we can take a short trades(if you haven't already at these highs) and aim for 100 at least, possibly lower.
Notes on the halvening. I won't post a chart here, but there are some floating out there where about 45 days before the LTC halvening, it plummets. It seems things are lining up for that to repeat.
Happy trading and hodling,
-Sherem
Notes on the halvening. I won't post a chart here, but there are some floating out there where about 45 days before the LTC halvening, it plummets. It seems things are lining up for that to repeat.
Happy trading and hodling,
-Sherem
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and please, smash that like button!
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If you still have LTC, make sure you got a stop on it.
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