- at the top of the channel - Stoch RSI on 100 - support lines becoming more and more horizontal - had a pump before - no hedge for BTC fork needed anymore - other alts have more potential (money flow)
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LTC/BTC graph confirming it:
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Right on time!
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Seems people underestimate power of BTC! BTC makes the market move, when market moves s strong alts follow:
Trade closed manually
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Closed and goin long. We are going out of the channel!
People are still finding out about the canceled fork. Litecoin should continue to rise through the weekend.
MJMeetya
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@ZachLad600, might be but I do not think we can go much higher.
ZachLad600
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@MJMeetya, you may very well be correct. I prefer the original blue support line. Keep in mind the consolidation time frame and the lead up to multiple bitcoin forks. I believe we are at the "support" level which will be established quickly. Then litecoin will join it's original channel, and head towards ath. Hopeful thinking perhaps, but crypto is still very news driven.
I appreciate your work sir. Thanks for the response.
ZachLad600
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Sorry. To clarify, I just meant that litecoin will eventually rejoin it's original channel sometime soon, I didn't mean to imply immediately.
Clueless13
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Where do you think it will drop to?
MoonPickle
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hedge is still needed, btc is correcting
MJMeetya
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@MoonPickle, I believe fork was more FUD than BTC correction. When BTC corrects it usually takes down the big caps with it.
Small caps should be the game to play. Possibly new strong projects coming from ICOs that still have low valuation and are cash rich.