Litecoin failed to breakout once again, which means we now have a proper DOUBLE TOP. Ultra bearish. Combined with the fact that F2POOL was lying about SegWit activation, we can conclude LTC has nothing left to over. It is currently extremely overvalued and only held in place because of the large number of bagholders who refuse to sell.
True LTC value is, in my opinion, around $1,90, which is less than half of what it is currently worth.
All cryptocurrencies have been bubbling and rising in value for 2 years; except LTC. The bull market is slowly coming to an end, which means ALL cryptocurrencies (LTC is not an exception) will crash back to their true value.
I hold 40k contracts, 20x short. Also adding to my leveraged BTC short.
Litecoin is dead. Not a meme this time; it truly is dead.
True LTC value is, in my opinion, around $1,90, which is less than half of what it is currently worth.
All cryptocurrencies have been bubbling and rising in value for 2 years; except LTC. The bull market is slowly coming to an end, which means ALL cryptocurrencies (LTC is not an exception) will crash back to their true value.
I hold 40k contracts, 20x short. Also adding to my leveraged BTC short.
Litecoin is dead. Not a meme this time; it truly is dead.