LTC consolidation then drop

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC trying hard to go over the BB median and the daily 200 ema but twice rejected. Looks like a couple more weeks of consolidation and then a drop to the falling channel's support.

In the unlikely case it breaks over the BB median there is the falling channel resistance, BB top and the ichimoku cloud that will stop further upward movement. Unless we see a surge in volume LTC will never moon. Volume has been declining steadily for the last two years, suggesting loss of interest by investors.


Why are you projecting?
nagihatoum moonsie
@moonsie, ltc is dead my friend, not going to make the culling, tezos and link took its place.
moonsie nagihatoum
@nagihatoum, y u follow dead coin? y u spend time charting dead coin? y u gamble on possible rises if a coin's death is certain? why risk it and waste time?
ordered nagihatoum
@nagihatoum, ok what are these shit coins?
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