welliguessso

LTCUSD - Expecting continuation of downward trend

Short
welliguessso Updated   
COINBASE:LTCUSD   Litecoin
I'm interested to see what happens in the next few weeks/months, because that last bullrun seems anomalous. LTC going to $135 from double digits was pretty insane, let alone going up to over $400. I expected it to break above 100 last time. Did not expect 200, let alone 400. I am expecting it to return to the lower $100 range and consolidate there for some time. I'm also wondering, if there is another bullrun coming, if it will even break ATH, and if it does, by how much? That last bullrun absolutely dwarfed the previous bullrun, which dwarfed the one before that. For some reason it's just hard for me to imagine that it happens again, and makes the $100->$420 bullrun look small. But then again, after that last bullrun, it's actually pretty easy to imagine something like that... $50k BTC?.. it's ridiculous but plausible at the same time.
Comment:
Interesting how well this turned out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.