Litecoin lead the crypto rally early on, then fell behind. It fijnally sprinted to catch up, and overshot the 9.618. As we know, 9.618's are almost always marking the top.
The retrace was sparked by additional Tether FUD. But not until the "BlowOff Top" or "Bull Trap" above. It is good to fearful of a 9.618 and any spike above.
9.618 to 4.618 is a common retrace in all assets. 3.618 is possible if another found of FUD hits. 2.618 is Bulls' Last Stand, better not to test.
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect.
Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More? can you Spend a few Moments? click the Links under Related.
i agree, litecoin is done for, anyone holding ltc is basically volunteeringly taking a loss and knows it
i think ltc attracts masochists..
EuroMotif
⋅
@MonocoleDundee, "masochists." , lol.
I dont think LTC is/will be any worse off than BTC or ETH in this retrace.
But we were way overextended across the entire market so even without fud we would have gotten a pretty ugly correction ...
i think ltc attracts masochists..