The BTC downtrend is not done yet. I think firstly BTC's gonna touch 13k after breaking out the ascending triangle (bull trap). After this BTC could correct further down towards 8.5K at strong support line.
There are lots of Arguments, who brought me to this thinking.
1. Last negative MACD was in Sept. 2017 - all other huge corrections where still in positive...
I think, BTC found its support at Fib 0.236. RSI is near oversold and Stochastic oscillator turnt into buy signal. It should turn now to FIB 0.5 (around 12.500) and then back to Fib 0.236 before going back to 17.000 USDT.
Most people still think, being short in BTC isn't right ATM. Well, its not that wrong, if you look at the monthly chart, wich is often forgotten by most of them LONG theories. The reason why I think it's not wrong is because BTC is next to the highest double top of RSI at 97. ATM, BTC is at around 95. Bringing this together we should come to the point that the...
BTC is still in his cycle. ATM its consolidating at around FIB 0.618 (12555.16). Seems like it'll finds there its new bottom like in the past huge correction in November. This downtrend could be added to the large corrections after hitting the new ATH. After fixing the bottom at FIB 0.618, the next ATH could be at FIB 1.272 (24.899.41)
LTC is still in bullish triangle. Next Target should be around 515.
In general - I see LTC in a bright future. An example: If you could choose between the first mobile phone (BTC) and the iPhone X (LTC) what would you choose?