LAST UPDATE TO, "New Triangle and Death Cross Spotted for poor little Litecoin" POST

in #litecoin7 years ago (edited)

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Well friends, it happened. All as the charts told me it would. First, the charts told me that Litecoin was about to breakout.

READ MORE ABOUT THE PREDICTED BREAKOUT HERE: In T-3 days little Litecoin will blast off!



While the charts were telling me Litecoin was about to break UP, many of the "PROS" were still calling for doomsday scenarios.

After the charts showed me a breakout, I realized that I had missed something very big. I draw my charts on tradingview.com but I am not a paying PRO member. I guess I should become one because my current free membership only allows for three indicators per chart. I don't need a lot of fancy indicators but I do like my moving day averages to be displayed. I knew where the 200dma was but had missed the 50dma because it could not be displayed. As soon as I spotted it, I knew little litecoin was going to be entering some rough waters and could be in trouble. I quickly posted a revised SELL target for all of my followers to make note of.

You can read more about that post here: New Triangle and Death Cross Spotted for poor little Litecoin.

CURRENT STATUS:

As you can see, Litecoin has entered back into that top most purple triangle. If we close inside of this tonight (8 pm EST), it could spell more trouble ahead for Litecoin. The potential then would exist that we drop back down to the bottom of the triangle, AND YES, we could even drop to the downside of the triangle. This would be disastrous. Let's all hope we don't see this kind of price action occur!

Stay safe my crypto trading friends. Peace and love.