From the looks of it, we're about to see the nosedive that keeps LTC within the downtrend channel. What I thought was a breakout actually was confirmation of a continued downtrend, with yet another lower high at the peak of today's run.
I see no indication that the trend has completed. The cycle is repeating, and I think we would need to see a sideways trend before this ends. I'm surprised that LTC is not breaking out just yet, while BTC, ETH, and BCash are looking bullish. I think it will take some time before we see what the REAL support level is.
I see no indication that the trend has completed. The cycle is repeating, and I think we would need to see a sideways trend before this ends. I'm surprised that LTC is not breaking out just yet, while BTC, ETH, and BCash are looking bullish. I think it will take some time before we see what the REAL support level is.