If you have a look at the events that took place on 2017-11-02 LTC/USD
The entire correction matches this one almost beat for beat in RSI, MACD and Candles.
The only issue is there is downward pressure when you compare the 99 moving averages from the past and now.
Other than that, variations in this pattern may be due to the volume compared to the past but the past tends to repeat itself.
I'm surprised no one's bothered to mention this trend so I thought I'd share.
I'm currently holding a good amount of LTC for the long haul and will be hodling, however, I have fiat in order to top up in the possible sell off.
Mitigate your risk and play both sides and you will succeed whether or not LTC is down or up both are opportunities to profit.
Remember, when people are fearful buy and when they are confident sell.
The entire correction matches this one almost beat for beat in RSI, MACD and Candles.
The only issue is there is downward pressure when you compare the 99 moving averages from the past and now.
Other than that, variations in this pattern may be due to the volume compared to the past but the past tends to repeat itself.
I'm surprised no one's bothered to mention this trend so I thought I'd share.
I'm currently holding a good amount of LTC for the long haul and will be hodling, however, I have fiat in order to top up in the possible sell off.
Mitigate your risk and play both sides and you will succeed whether or not LTC is down or up both are opportunities to profit.
Remember, when people are fearful buy and when they are confident sell.
If it can break resistance here we could see bullish action take place. History is trying to repeat itself.