LTC - Never a good idea to have a MA13/30 cross on the weekly
its never a good idea to have a MA13/30 cross on the weekly as these can precede horrible drops .
The last time this happened in May 2018 LTC fell from 158 to 22 in 8 months..
But notice that when the cross appeared in 2018 LTC moved up to 158 to setup a Bulltrap before dropping down to the pits of hell at 22.
LTC may setup the same move here and move to 99 before dropping lower to the pits of hell
Currently it does appear LTC is trying very hard to get to 76 area so we need to see how this plays out .
The last time this happened in May 2018 LTC fell from 158 to 22 in 8 months..
But notice that when the cross appeared in 2018 LTC moved up to 158 to setup a Bulltrap before dropping down to the pits of hell at 22.
LTC may setup the same move here and move to 99 before dropping lower to the pits of hell
Currently it does appear LTC is trying very hard to get to 76 area so we need to see how this plays out .
Comment:
The MA30.13 cross causes terrible drops when it appears on the daily candle so on the weekly its a possible pending disaster - Best to be careful with this one