Litecoin's Bounce does not break the desceding trendlne THe MACD is in a bullish phase and the Stochastics in overbought area. The price bounced off of the $78.5 resistance. A break above that level may carry the price to $83. A close below 75,75 would signal more drops.
At this stage of the market cycle, the relevant question is "who's buying?"
There's a difference between a buyer who keeps the coins on the exchange, and one who takes them away.
This phase will see more coins finding their way into cold storage than previous phases since the last ATH. Be careful how you read the charts, at some point the trend is going to betray you. If the object of a long term investment is to take profits and avoid high taxes, they'll be establishing positions between now and the end of 2020 since all of the prior chart history establishes this time period as the safest time to get back in.
There's a difference between a buyer who keeps the coins on the exchange, and one who takes them away.
This phase will see more coins finding their way into cold storage than previous phases since the last ATH. Be careful how you read the charts, at some point the trend is going to betray you. If the object of a long term investment is to take profits and avoid high taxes, they'll be establishing positions between now and the end of 2020 since all of the prior chart history establishes this time period as the safest time to get back in.