Litecoin at demand line after years of accumulation

Jan 13

Low-risk entry at well established, multi-year demand line with potential weekly bullish divergence forming on RSI and what looks like a bullish bat or gartley M-shaped harmonics pattern. Fundamentally the asset is solid as far as altcoins go with good real-world utility and usage, ETFs (both approved and in pipeline) and long history second only to Bitcoin while continuously hovering around top 20 crypto market cap. Very good risk-reward at this levels with potential for much bigger reversal that could lead to new ATH.

Jan 30

Trade closed: stop reached

Looks like it ran out of time, Bitcoin might be entering bear market and this never took off. Signs of extreme weakness on this asset, could lose much more of the value, probably heading to $15 at this rate, not worth looking at anymore.