Long-term structure governs the way, and this wedge will take time to complete.
Targeting possible relief bounce, heading into August (probably on CCIP/staking news).
Base case would be that it get sold-off, while maintaining larger structure, and then off to the races for better returns next year.
I recently posted my LTCUSD forecast, but I feel it's important to talk about the down-side route a little more.
I think $80 is the bottom on $LTC. Can it wick below it in a liquidity / FUD circumstance; absolutely. However, I don't think it will close (body) below it.
So in terms of R:R, you're looking at ~20% downside from here and upwards move of 8x+ (3x...
Choose your fighter, anons.
This time has come for Bitcoin's little brother to awaken.
FA is aligning with TA, and the masses will all tell you they knew the dino would pumpadoodlski.
Miners look to be signaling approval for Taproot during this window, and MWEB should be approved in the next window. The narrative has been written and the secret pathway from...
