We need some more confirmation before we enter a short position here but we have spotted the following on the LTC/USDT charts
- Weekly orderblock resistance - daily multiple bearish divergences - Risinging wedge - declining volume on rise - already x6 since bottom - Previous weekly formed an indecision candle against resistance
We are now 56 days before halving, last LTC halving, the price dropped 74% in 46 days before previous halving (will show below in updates) We are also painting a similar pattern as previous halving
also we can see the following on LTC/BTC (will also post below in updates) - 0.618 fib resistance - strong horizontal resistance
Comment
⋅
Price before last halving (25th august 2015)
Comment
⋅
LTC/BTC price against 0.618 fib and strong resistance