Tendorian

23rd March Litecoin (LTC) Bear market end point

BITTREX:LTCUSD   Litecoin / U.S. Dollar
1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term.
2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle.
3. However there is still the final down move to go before the bears go and hibernate.
4. Looking at the potential down move of Bitcoin , I am extrapolating where the altcoins will go because if bitcoin crashes, alts will follow.
5. I am looking at $4000-$5000 area for Bitcoin to end the bear market move.
6. That spells disaster for most altcoins.
7. This will be the final update for altcoin until the bottom is found or by some miracle the bull move starts without crashing to my theoretical target.
8. You don't have to believe me, I am just another analyst, ridicule me as you like, but that is where my chart points to.
9. I don't know what kind of FUD news will bring us there, but news always follow the charts.
10. Finally Litecoin (LTC) bear market end point is below $75.
Comment:

On course to under $75 to end the bear market
technically good analysis i think the same
Reply
Tendorian MaxStool
@MaxStool, But it looks like there would be one more up before the fall begins
Reply
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