certainly much of crypto is still heavily bound to $BTC as the main currency for shifting/hedging between alts--and $BTC is due for a massive correction (combined with the FUD around August 1st). However, FUD for August is also driving fervor for $LTC.
I'm aiming for $LTC long, but I've got crash catching orders just in case we drop to $34.
Tonight, I see a double bottom here with an upward probability toward the next downward slope targeting 47.50-48 or so before it comes back down slowly and makes a choice as to whether we are going down or up. Watching BTC for similar movements--but be prepared that LTC could break the pattern of BTC.
I'm aiming for $LTC long, but I've got crash catching orders just in case we drop to $34.
Tonight, I see a double bottom here with an upward probability toward the next downward slope targeting 47.50-48 or so before it comes back down slowly and makes a choice as to whether we are going down or up. Watching BTC for similar movements--but be prepared that LTC could break the pattern of BTC.
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haha, ignore that crazy yellow dashed line going all nutty and vertical with a backward flare--moved it and forgot to delete it ;)
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could be a repeat pattern here:
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continuing:
