So I am looking at my chart and I made those circles several months ago... This pattern has been almost an exact mirror of the previous version of this 2 years ago. If that is the case there won't be a major correction in July-October, there is going to be an ever rapidly increasing Yearly High approaching the previous levels and likely beyond. All indicators show the same level of growth, on the same scale as the previous parabolic growth. I am therefore changing my opinions for the long term to growth, and will focus all of my trades on accumulation.
That being said we are due for a dip on the daily scale that could last a week or two. That also being said this next bottom, whatever it may be, in whatever coin it may be, might want to be treated as HODL-long.
That being said we are due for a dip on the daily scale that could last a week or two. That also being said this next bottom, whatever it may be, in whatever coin it may be, might want to be treated as HODL-long.
Comment:
The dip occurred as predicted, and lasted longer than a week! Hopefully you guys managed to accumulate at the $109-111 range while it was there! We might not be out of hte woods yet either. There is a distinct possibility of 5 more days of dip, with the chance of breaking the channel on the low end as well. However, the outlook is that for the next 2 months, the rest of July and August, there is going to be growth for LTC. The halving event, more institutions entering into crypto, and more coins being listed on existing exchanges is simply too much hype to ignore, or too allow any greater corrections than what we have seen.