LTC back down one more time before the Long shot up
Testing an Idea from watching BTC charts and gathering what others have talked about. LTC follows BTC and BTC hasn't broken its descending channel yet. It might come down to 50k one more time to do a double bottom and continue up or might see drop a little more to the next support line of 49k.
Seeing that, I believe LTC will follow but move in a bigger motion. The biggest dip we hit this month was $154 and we might test it if LTC if it follows BTC or it can't break out of its own descending channel. Im Gathering from multiple charts that LTC is losing steam and might drop down to $155 before we get to rally to our previous ATH next month.
This what I gather and hope Im learning correctly from others. If there is a reason why this is not valued or I am looking at the chart incorrectly, I would like to hear back why. Still learning but would love to get feedback. Thank you for looking.
Seeing that, I believe LTC will follow but move in a bigger motion. The biggest dip we hit this month was $154 and we might test it if LTC if it follows BTC or it can't break out of its own descending channel. Im Gathering from multiple charts that LTC is losing steam and might drop down to $155 before we get to rally to our previous ATH next month.
This what I gather and hope Im learning correctly from others. If there is a reason why this is not valued or I am looking at the chart incorrectly, I would like to hear back why. Still learning but would love to get feedback. Thank you for looking.
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LTC broke out of the Descending channel. Will wait to find another entry point
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