As with all other graphs, this is not financial advice, just my analysis!
A continuation from my previous 2 analysis..
That being said, wow, LTC!
Great runs that were activated on nearly precisely at the Rocket Launcher Activation Signal Line. There was a huge hysteria on missing out on LTC and an exchange of hands were put out on the past day or two. A new support level has been established near the 75 USD level where the second run of the bull market ran past. Before, following the breakthrough of 80 USD, there was massive FOMO sentiment that spread throughout the market and the price of LTC pumped too quickly up to 98 USD before the momentous and enormous dip back to the 75 USD range. We're back on track after the day traders have exchanged hands, forming a beautiful exchange of hands, demonstrated above, with the HODLer whales not selling past too far past that 75 USD ranged support level. Traders too quickly bumped the LTC price up too fast, hence the massive pullback. That doesn't stop the LTC undervaluation though. There will be more trades up and down on LTC, but the general sentiment has now shifted back towards a steady climb. We'll see 100 USD soon (in accordance with a 5000 BTC/USD).
If you enjoy my analysis, please follow me here and on twitter!
Enteleca
A continuation from my previous 2 analysis..
That being said, wow, LTC!
Great runs that were activated on nearly precisely at the Rocket Launcher Activation Signal Line. There was a huge hysteria on missing out on LTC and an exchange of hands were put out on the past day or two. A new support level has been established near the 75 USD level where the second run of the bull market ran past. Before, following the breakthrough of 80 USD, there was massive FOMO sentiment that spread throughout the market and the price of LTC pumped too quickly up to 98 USD before the momentous and enormous dip back to the 75 USD range. We're back on track after the day traders have exchanged hands, forming a beautiful exchange of hands, demonstrated above, with the HODLer whales not selling past too far past that 75 USD ranged support level. Traders too quickly bumped the LTC price up too fast, hence the massive pullback. That doesn't stop the LTC undervaluation though. There will be more trades up and down on LTC, but the general sentiment has now shifted back towards a steady climb. We'll see 100 USD soon (in accordance with a 5000 BTC/USD).
If you enjoy my analysis, please follow me here and on twitter!
Enteleca
Comment:
Don't forget to press the "PLAY" button to see how it plays out! You can also do this in my previous analyses!