Charlie Lee and his "good guy" crypto have been taking a beating this year. Despite the yearly chart being VERY VERY UGLY, Litecoin has bullish divergence on every 4 hour chart. I think when BTC gets it's run up, LTC could easily go back to .02 BTC. BTC is also showing good bullish divergence on the 4 hour chart but that does not necessarily mean this dip is over. The RSI gives us an educated guess, but nothing is certain. If we see Bitcoin dip to 5800, we could see Litecoin @ $50. I really hope this doesn't happen, being that I'm currently HODLing LTC, but I am also a realist and know we are just one huge buy or sell order away from a jump in either direction. Looking at the upside, LTC promises bigger returns. If and when LTC hits it's previous top at 360 , that's already a 6x return, vs about a 4x return with BTC hitting it's old top. LTC is technologically and ideally superior to BCH, and with the Litecoin summit happening soon , who knows what could happen. I've been making tiny accumulations of LTC, trading with BTC on the 15 minute chart, but for now all in on LTC untill I see a good trade available. If BTC dips to 5800 , I may not have time to react, but I'm not too worried because I don't think we will go lower than that. Look at all these good buys in the crypto market ... Really how much longer can you resist? LTC, being undervalued has not stopped it from SUCKING so far, but I'm hoping it turns around soon, especially when it comes to real world transactions and LTC becomes known as superior tech. Happy trading, only invest what you can afford to lose, as this is not financial advice. Pls leave a like and comment on your current thoughts on the market. Are we on the cusp of a boom? Or down to 5800 first? Just don't say under 5800 because that's when I stop listening , haha. Much love to those of you who follow my mistakes in real-time (haha) I'll post updates as they apply to this post if it receives over 10 likes!
