jbutler7
Long

Things could get bloodier-Zoom out on RSI

COINBASE:LTCBTC   Litecoin / Bitcoin
Here I will only analyze the weekly RSI on LTCBTC . Usually I am a permabull, but I try to be real too. We have been in good territory for a long time now. But look, from Nov 2016 to March 2017 it was oversold, and after that we stayed waaay above that, and entered overbought a few times even. Now, after a drastic decline, this week we have entered oversold territory at 29.7 as I write this. Who knows how long it will be oversold on the weekly this time? The trend is not our friend at the moment, but I would be looking at some good cheap buys before LTCBTC starts another leg up. Since LTC and BTC (compared to others) like to run in sync with each other so much, It will take a lot to break its ATH of .025 and move on up to .03 or even .05. Current sentiment surrounding LTC is quite negative, as many people have let it go and lost faith since January after Lee sold, but LTC still has strength in is fundamentals.
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