etfsandstuff

Litcoin Long Term Analysis

BITFINEX:LTCUSD   Litecoin
I figured i would post my long term view on the only crypto i feel is worth investing in . I have a lot of experience transacting in LTC over the years and it is my choice as a go to crypto currency when i need to transact. My current view on LTC is neutral as it is up against a wall of resistance at the monthly center channel line. This is the one to watch for guidance on the other cryptos, if LTC fails they will all fail. BTC is so yesterdays news and i dont put much weight in it. I think BTC will lose it's place as the leader in the crypto space.
Comment:
the weekly chart shows we are up against multiple levels of resistance on LTC.
We are also one week away from a TD seq 9 signal which would indicate way overbought levels.
As bullish as this coin looks right now i would not buy here. Once we get into the $100 area it will be a different story.
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