LTCBTC is heading to a major support level. with a oversold rsi on the weekly we could see a bounce here. if 0.005850 wont hold i expect a big selloff. Looking to risk reward it might be a good long here with a stop under 0.00580. if it doesnt hold the support it will make 3 year lows.
With all the ETH madness going on last week it follows the classic altcoin bubble cycle pattern. we have seen many coins doing this kind of cycle like DRK and LTC. be careful buying eth here because if history repeats u will get rekt buying the top here.
Happy new year bitcoin traders,
Here is my first published idea where i will take a look at starting this year.
We could be forming a nice cup and handle here which could take us above 500.
If we keep hanging around this level and dont break 400 i will take a long position with a target around 530 assuming the ...