Okay so forget everything I've said to date. Flush that garbage down the toilet and replace it with THIS, the new-and-improved LTC-to-the-crapper chart! We can now see that LTC is performing fabulously within a much wider and symmetrical down channel. This down channel gives us much more space for LTC to tank, and stay within our lines. Plus it has a more liberal low-level base that also gives us more leeway for continued price droppage.
I'm not buying this hunk of garbage coin again, I've had enough. I won't sell it of course, but I have learned my lesson. Three times I made buying decisions when the charts gave us a nice triangle formation. My mistake? Not having an ascending base. Live and learn. Holding for the long term, waiting for January to be over!
In all seriousness, I think the bear market will be over by February 1st. It appears to be a cyclical thing. We saw this same market movement in 2015, 2016, and 2017 at this time.
I'm not buying this hunk of garbage coin again, I've had enough. I won't sell it of course, but I have learned my lesson. Three times I made buying decisions when the charts gave us a nice triangle formation. My mistake? Not having an ascending base. Live and learn. Holding for the long term, waiting for January to be over!
In all seriousness, I think the bear market will be over by February 1st. It appears to be a cyclical thing. We saw this same market movement in 2015, 2016, and 2017 at this time.