✴️ Litecoin | One Final Crash Post Halving? Doom!

Have You Gone Bearish? Not So Fast...

Here we can clearly see the rising trendline/ascending channel being broken and now the possibilities are for one last major surprise before anything is clear, and clear for us mean the bullish trend being well defined again.

Now, will this event crash prices below the long-term, June 2022 bottom low?

It is hard to say and it will depend on how much fear spreads across the market.

As I explained in another trade idea, the surprise event can be positive or negative, because things don't necessarily need to be bad.

But if it is negative, something like new Covid restrictions or a nuclear bomb going off, then the shakeout can be really, really strong.

If it is positive, something like the SEC being told to drop one of its lawsuits, a war coming to an end; this is what will decide how the market will react in just 5 days.

Market your calendars for 28-August (late August).

While Litecoin went through the halving, it would be natural to see a major flush before years of sustained growth.

All the longs gets liquidated, weak hands remove and then the market grows... This is just speculation of course, but thats just how the market works.

I am staying out in a wait and see mode.
Better to be safe than sorry, money saved is money won.

Namaste.