Like a broken record
This pair will never part ways. We will see this chart repeat itself over the coming months. To keep this as simple as possible, we will recover. We are in the process of recovering. I think we will see one more pump in BTC before its halving in which time Litecoin will make its move. This pair should inflate to its previous high near .024 or even pump to .036.
Market sentiment be damned. It is quite easy to see the manipulation in literally every pair however I don't think the whales that are entirely in control. I simply think the price is forced to do something specific within certain parameters. If we look closely, we can see the manipulation take place when we have a massive Doji candle. 4 hours of indecision with large pumps in both directions resulting in a Doji is highly unlikely. The whales can sell all they want but this prevents total whale manipulation. A doji like in this example is saying we are not ready to pump or dump regardless of how powerful a single whale is.
Short term levels will follow what BTC has done recently. We could see literally the same move we saw in BTCUSD happen with LTCBTC. That would be a steady incline to .0072-.0075 and then pump to .0108 retracing back to .009 shortly after. Consider what BTCUSD did this past month and weeks. We had a dip to 7200-7500 and then a pump to 10800 where we were met with resistance. We retraced over the next weeks back to 9000 where we are currently losing support. Our top for BTCUSD was 18k. Our high for LTCBTC was effectively .018. There's a lot of similarities in price.
Continue to monitor this pair. We bottomed near .006 and are currently .007. We have plenty of room to go up.
Market sentiment be damned. It is quite easy to see the manipulation in literally every pair however I don't think the whales that are entirely in control. I simply think the price is forced to do something specific within certain parameters. If we look closely, we can see the manipulation take place when we have a massive Doji candle. 4 hours of indecision with large pumps in both directions resulting in a Doji is highly unlikely. The whales can sell all they want but this prevents total whale manipulation. A doji like in this example is saying we are not ready to pump or dump regardless of how powerful a single whale is.
Short term levels will follow what BTC has done recently. We could see literally the same move we saw in BTCUSD happen with LTCBTC. That would be a steady incline to .0072-.0075 and then pump to .0108 retracing back to .009 shortly after. Consider what BTCUSD did this past month and weeks. We had a dip to 7200-7500 and then a pump to 10800 where we were met with resistance. We retraced over the next weeks back to 9000 where we are currently losing support. Our top for BTCUSD was 18k. Our high for LTCBTC was effectively .018. There's a lot of similarities in price.
Continue to monitor this pair. We bottomed near .006 and are currently .007. We have plenty of room to go up.
Haftungsausschluss
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