Last mid/long term chart didnt pan out for me, i figured wed go higher than 020 or whatever it was 6 months back due to halfing. All good though. Refueling under .007 recently. Is this the bottom for the next 6 months or just a delay consolidation until dec 4th (thx dj thislte), its a good question. alts generally dont spend alot of time in consolidating sideways compared to straight up and straight rekt.
I think ltc will do the following in the coming weeks/months.
not break .0125 for a long while. or straight to .022 break. or none of the above. these HTF forecasts are just forecasts, not short term and so not trades. Good luck friends.
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so right now at .006. ltc looks pretty bad (most high caps do, just complete dog poop pumping now). however, technically weekly double bottom, long with a stop under 0058 or say a weekly new close next week below 006. To be honest, i dont want to buy ltc here but i could be completely wrong and this could be the actual bottom for literally the next 6 months (why? well wed have to discuss). You can look back to see how many times this type of weekly candle occurred and what happened afterwards.
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if this goes anywhere lower from here to near 003, then i may buy ltc in lots on the way down. then add sells 024 to 04. it seems insane but i mean either delist or that happens. well worst case pump would be to 007... anyway right now i own basically 3 or so ltc as dust on an exchange so i hold no bias and dont care, saying that tho this is now on my radar. 023 to 007 has had too much chop and vol, i dont see these resistances holding strong the next time they are hit, but i did expect 020 to pop the last time it hit heh.
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there yah have it. should kee going up as rest of market, and as its market fractal as shown
I like your questions, thinking, and chart. I agree with a potential repeat of December likely being the "bottom". My gut tells me any "bull run" in alts will be muted like the somewhat disappointing LTC halving event and we might not get higher than 0.0189. That is, unless there becomes some huge volume interest like in 2017 but that does not seem very repeatable to me as much as I would like that to happen. Best of luck!