Be careful fomoing the tops, most likely BTC will retest the fib level before $20k. This is very strong bullish tho and could just go sideways too. This is why you have to get in long before the fomo starts. KDJ & RSI are both showing pretty topped out. Whales are pouring in from legacy, but they arent stupid and they usually have professionals average them in on dips.
Everyone is fixated on price or futures contracts but probably doesnt realize that we are already beating all time high exponential moving averages. I would expect price to test all time highs as well in the next two months, i.e. by the end of this year.
A few Billion is nothing. BTC is tiny. BTC and LTC just get to a point where no one will sell anymore and price HAS to go up when wash trading just doesnt do it anymore...
EMAs and fibs shorter time frame, lots of room to the upside
No reason to be bearish. .618 untested support at $12250. .786 resistance at $15550. 21 week ema at $11k and rising
Stuck in the middle of support and resistance. Pop to the upside after indicators cool off. Possible retest of .236 Fib support @ $51 before further upside
LTC/BTC ratio is insane and will come back very rapidly. Looks like LTC could approach $200 as BTC approaches 20K. LTC has broken the all time triangle again to the upside, hopefully it holds BTC resistance at .618 fib at $13500 .5 fib support at $11500
Litecoin is second only to Bitcoin and only 2 years younger Been 100% functional with zero down time since 2011 Highest hash rate in class = most secure Limited supply of 84Million coins ever Fully decentralized and can not be shut down Listed on every exchange Bitcoin is Has the second most number of ATMs Works with the lightning network complimenting...
.236 fib resistance at $51.49 from $150 local top has been filled to $45 support squeeze will pop to next .382 fib at $69.78 from $150 local top, BUT must break into ichi and through all time triangle failure could result in a $30 low before entering next parabolic run up. Weekly RSI & KDJ are slightly oversold basically sitting at the 21 week ema golden ichi...
Macro sideways up, daily bullish bottom
BTC is going for 20K into the new year. Currently between the .382 fib support and .5 fib resistance (compare to last cycle). LTC could stay flat until BTC breaks ATH LTC went from $5 to $50 when this happened last cycle and will go from $50 to $500 this cycle. LTC is the second most secure and fully decentralized coin and there is no argument only data.
BTC is going for 20K into the new year. Currently between the .382 fib support and .5 fib resistance (compare to last cycle). LTC could stay flat until BTC breaks ATH LTC went from $5 to $50 when this happened last cycle and will go from $50 to $500 this cycle. LTC is the second most secure and fully decentralized coin and there is no argument only data.
Do you even channel bro sideways up, slowly but surely
Should see LTC rise above the weekly EMAs Support tested, target $58 Unlike last cycle though, a rise above the weekly 21 & 55ema could break the all time triangle fantastic fomo zone Big Dad BTC is going towards $14k and will test $20k by the end of the year
Target fib $13400 21Week EMA classic support over 10K log level sustained should rise above weekly 8ema = 55day ema shortly massive bull run started fomo
Bad news for me hodling LTC Great news for anyone stuck underwater in a shitcoin with lower lows and no fundamentals, they can still switch it all into LTC and make it back bad news for me, I might have to hodl till the end of the year Good news, looks like BTC will break 20K for Christmas
The correlation between BTC & Legacy is because we are in a transition period, a balance point, but even the biggest legacy players can see which way the scales will tip As the S&P price increases the total wealth concentrates while less and less people control more As Bitcoin price increases the concentration of wealth and influence decreases and more...