I left some old info on the chart because I called that break out like an expert! LOL. Anyways we seem to have reached support again for LTC. Can we bounce from here? The halving is likely to create a demand for LTC so the price should rise more IMO
going under the ichimoku cloud is a death sentence.
coinzada
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The last time LTC halved price fell by 70% and ground sideways for several months. I don't think we're going to be "creating more demand" here.
Tommy-Q
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Last time LTC peak occurred 45 days before the halving. From there it lost value rapidly in BTC term until the halving and for months after.
This time there was much more anticipation. Normally that moves a peak forward in time.
Move is because of the paycard. Which is very insignificant news imo.
I think we have already peaked a few days ago. At 0,01795 (55 days before halving).
Fundamentally there is little reason for it to go up as well. It's a relic. Little development, no clear USP.
And now with the likes of FB coin etc. entering it will be even harder for coins that are mainly focussed on MOE properties.