Hi friends,
First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term.
So let's take a look at what I've got here.
You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with.
My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year.
Be ready for that final discount window to open buyers.
Peace and happy trades.
RELATED POST ON BTC: Some pullback on BTC in the coming week(s). Then all systems go!
UPDATE: A second chart with potential buy zone outlined below
Hello I'm analyzing the whale bitcoin wallet.
Yes, the lite coin will fly away.
Please read my post and follow me.