The weekly candle seems it will close red. It is the second weekly red candle after rejection from resistance. Bearish trend is confirmed with RSI crossing below %53.33. MACD positive but sloping down.
If by Sunday dominance does not breach this resistance at 1.81%, then it is considered a rejection which is bearish and moon is delayed till end of the year or LTC can drop further and perish.
If resistance is breached then LTC will moon now.
When ALTSEASON Sir??
BigCap (i.e ETH XRP ADA XLM) ALTS Dominance Has Been Forming Descending Channel in Weekly TF..(Bullish Pattern)
Expecting Channel Breakout in Couple of Weeks..(I Think DECEMBER Will Be Interesting For Alts)
That means #ALTSEASON is Still Loading. It's Not a Altseason that We're Expecting From Long time. It's Just Beginning of #Alts...
With more time comes more data - while analyzing and speculating on these markets we constantly need to adapt and evaluate for the opposite direction.
The Price of LTC in Satoshi Value might go Downward while stabilizing before slightly go Upward in Dollar Value.
This would actually reveals a Lack of Dominance of Litecoin against Bitcoin.
Light On Litecoin just to bring colors to the twitter feed!
With Bitcoin Dominance correcting, I am speculating on a upward dominance of Litecoin and seeing it reaches a level about 7.7% of the Total Crypto Market before a major dump again.
I think Litecoin is on the way of a $200 price mark - Let's see how high we go in dominance and in...