Analysis on chart.
On average rallies have been sizeable, in the order of 1384% per weekly leg, while corrections have been around 80-90% overall.
It's possible that the advance in Litecoin vs Bitcoin isn't done and that Bitcoin will tank while LTC will either stay flat or go up.
If we see new highs in rgmov, above the resistance to the left, we will surely get good long opportunities for this instrument.
Keep in mind the volume spike on chart is the biggest one since Litecoin's inception.
Will update with any clear entry I find.
Good luck,
Ivan
On average rallies have been sizeable, in the order of 1384% per weekly leg, while corrections have been around 80-90% overall.
It's possible that the advance in Litecoin vs Bitcoin isn't done and that Bitcoin will tank while LTC will either stay flat or go up.
If we see new highs in rgmov, above the resistance to the left, we will surely get good long opportunities for this instrument.
Keep in mind the volume spike on chart is the biggest one since Litecoin's inception.
Will update with any clear entry I find.
Good luck,
Ivan
Comment:
Looks like we have bottomed here. I'll update my forecast.
