Just like every other coin, Litecoin has been in accumulation since it's runup in June. Now it looks like this week Monday Litecoin should break out the downtrend and start moving up.
Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move up in November with the rest of the coins.
All of the coins right now look alike, all ready to break the downtrend and are finishing up their accumulation period. Price is very flat right now, this won't last for long. The volatile price movements will come back in November.
We're looking at these crypto markets at the eye of the storm, we haven't seen anything crazy yet and that's exactly whats brewing, another storm.
The price wasn't ready to break out in October, so that's why we had that big spike down at the end of September. Now we are gearing up for big moves next month, don't want to sound delusional but the price has nowhere to go but up. It is suppressed between the support and the bottom of the downtrend; it will break free and start another parabolic rise up.
Ignore all the FUD about the litecoin foundation losing money or not making enough, that's irrelevant because they can't interfere with the already deployed blockchain. There are only 84M litecoin (4x Bitcoin ) and has the exact same code as Bitcoin . It is the test-net for Bitcoin , some people even coining Litecoin as the silver to the Bitcoin gold .
As always do your own research, I am not a financial advisor
Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move up in November with the rest of the coins.
All of the coins right now look alike, all ready to break the downtrend and are finishing up their accumulation period. Price is very flat right now, this won't last for long. The volatile price movements will come back in November.
We're looking at these crypto markets at the eye of the storm, we haven't seen anything crazy yet and that's exactly whats brewing, another storm.
The price wasn't ready to break out in October, so that's why we had that big spike down at the end of September. Now we are gearing up for big moves next month, don't want to sound delusional but the price has nowhere to go but up. It is suppressed between the support and the bottom of the downtrend; it will break free and start another parabolic rise up.
Ignore all the FUD about the litecoin foundation losing money or not making enough, that's irrelevant because they can't interfere with the already deployed blockchain. There are only 84M litecoin (4x Bitcoin ) and has the exact same code as Bitcoin . It is the test-net for Bitcoin , some people even coining Litecoin as the silver to the Bitcoin gold .
As always do your own research, I am not a financial advisor