HanTheGibsonSlayer

LTC Stays in the downtrend Channel for the last Touchdown

KRAKEN:LTCUSD   Litecoin
LTC is still following BTC 1on1, staying in the downtrend channel. imho we're going down for the last time, tot hit the 88 % retracement line like both did a week ago (18-03) at $137, or if the whales are trying to get it down even more, we will ,touch the support line (big red line) at $132.
After that touchdown, we're ready to do where everybody's waiting for ... 4 months waiting and finally going up again ...
next weekend the crypto spring really starts ..
Comment:
The Race Down is on .. LTC and BTC falling down for some time now ... if you swop 'em for DGD you really might have some extra coins in the end of this last drop ... Enjoy the extra LTC's!
Comment:
so we just pierced the big support line at $130,5 will it stay just above this line and confirm or will it first fall through to the resistance at $125 and bounce up ...
We need some volume in this market ... everybody's holding their coins and there are not enough buyers now ... i think in 2 days we're gonna break the downtrend and go up
Comment:
Also a general question about the volumes in BTC and LTC ... who knows the answer (i don't and i am very curious for it):

I was studying the charts of BTC and LTC over the last year (begin 2017 to now) ... they are very alike, the only big difference is when you look at the volume build up. BTC (45 % of the all M.C. now) keeps getting more volume, and LTC is decreasing volume from mid September 2017 ... it broke out on low volume in December ... what can this difference mean for the short future and for the longer future ... i only see that there is a huge difference but i don't have the knowledge yet to say what this means ...

Who has the knowledge to explain this and wants to tell me !??

Thanks in advance!

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