Litecoin Macro outlook vs USD

Trader_CD Updated   
I've been seeing lots of LTC, hopium bullish into the halving, tweets.
Well, the reality is that when the 12 and 21 EMAs cross to the downside on the weekly chart, it tends to be very bearish for Litecoin.

Arrows are presenting those crosses, and you can see the downside that happens after the crosses happen.
On average, the downside is 58%.
That would mean that Litecoin could bottom somewhere around $25-35, if the cross happens.

Usually, Litecoin's pre-halving pump tends to be over 3–4 months before the halving(the halving is happening in August), which is another indicator that LTC topped.

But there will be sunshine after the rain.

Those lows would mean that LTC hit the generational bottom, and at the same time, the BTC pre halving hype will start.
That is when Litecoin and Bitcoin tend to proceed into a multiyear bull market, which will be led by Litecoin.

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It took longer than I initially anticipated, but the moment has arrived. The 12 and 21 EMAs have crossed. Best of luck to all you LTC holders. Godspeed!


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