Getting back to the chart, I'd like to draw your attention to the green . You can see that there have been three tests of this level, and LTC is currently trading right above it. If this level falls, the next stop should be the 78.6% retrace. Below that, LTC could begin to accelerate to the downside. On the upside, the 50 (in orange) should continue to act as resistance. On the , we can see that there has been a crossover, and sell-side momentum continues to expand to the downside, increasing the likelihood of further sell-side pressure. Ultimately, we are on our way, to the head and shoulders/symmetrical triangle target, that has been on my chart for weeks now. The haters were so loud when I first published that target. I bet we'll only hear crickets, when LTC finally gets there.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Since LTC-USD trading is around 10% of BTC trading, a price move in this pair isn't going to move the market for BTC so it's clearly the other way around. When BTC-USD makes a move all alt-USD pairs make a similar move unless there is some meaningful trigger otherwise to counter it. If those alt-USD pairs did not move with BTC-USD then there would be glaring arbitrage opportunities, especially with a top-5 coin like LTC. Of the top 10 alt-BTC pairs only three are positive in the last 24 hours, ETH, LTC, and VEN. So of the top 10 USD coins by volume ETH and LTC have actually increased in relative value to Bitcoin over the last 24 hours. So when you spout dumb shit like saying that you predicted something, maybe you should learn some basic math and figure, gosh, LTC is actually worth slightly more than yesterday in BTC terms.
Instead of miseducating many of your followers you should show BTC-trading pairs for alts to better explain the market dynamics. It's unfortunate that you spout all this nonsensical bullshit and then pat yourself on the back when something happens for an obvious reason but not the one you are using to explain the event.
People like senior @MagicPoopCannon are commonly the worst.
IF there's a bullish run next week and never reaches $100 he's been spouting, he'll just say "oh as you can see on this graph we're having a bullish run" then 2 weeks later if the bullish run continues, he'll say "oh i called it 2 weeks ago. I'm a god" and you get his followers cheering with excitement at his godly knowledge.
On the other hand, if he's right and it does reach $100, then everyone who thought otherwise is an idiot and a novice.
So no matter how the market turns out. He was right. Don't take him serious tho, he's some foolish bored dude at home. Let him right his lil blogs and insult others if it makes him feel better.
“The greatest lesson in life is to know that even fools are right sometimes.” (Winston S. Churchill).... sometimes being the keyword there. This guy is an arrogant fool. Be wary of anyone who thinks they know the crypto market