So, the LCC fork just happened and we are already seeing selling action on short term charts and sell walls growing given the fact that the fork news heavily inflated the price in past 10days many traders will be flocking back to exchanges to follow the downtrend resumal. As in my BTC weekly analysis and due to the MACD crossing LTC should follow as there is still a strong correlation in price, we should be seeing LTC resuming downtrend towards sub 100$ levels quite soon.
P.S. keep your charting simple instead of drowning your self in dosens of indicators and lines, technicals are as important as fundamentals but are way overcomplicated.
This analysis is for educational purposes and not a trading advice. Good luck out there.
P.S. keep your charting simple instead of drowning your self in dosens of indicators and lines, technicals are as important as fundamentals but are way overcomplicated.
This analysis is for educational purposes and not a trading advice. Good luck out there.
