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AmazinRaisin
Sep 22, 2020 8:43 PM

Accumulation Zone being hit Long

Litecoin / BitcoinPoloniex

Description

LTC/BTC is nearing the all time lows. Sentiment on twitter has been horrible and saying LTC is done. However, I think having a contrarian view is profitable. Here are some signs showing that a reversal should be happening in the future. The MACD is showing bullish divergence for over a year now. The RSI is showing bullish divergence too. The recent price action is in a falling wedge which should break up. In the coming months to next year there should be a spike up in price.

This is not financial advice

Comment

Ltc/btc broke out of the falling wedge. There's still a ton of upside. Crazy to think ltc/usd is at $116 right now and probably will break all time highs in dollar value in 2021
Comments
Khyber
hehe The LTC is done is infact BS and it's been said since before 2011. Trolls trying to manipulate the week hands in order to accumulate more for themselves. The lower it goes the more I'll buy. LTC is far from over.
CryptoSnoopy
1year supergigant divergence? how this is going to end? back to 0,02 ! :P bags loaded !
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