Litecoin is showing some phenomenal, multi-year RSI divergence. Such simple TA doesn't need much writing.
This is NOT financial advice.
This is NOT financial advice.
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Choo choo!Note
Let's zoom in a bit. If LTC hits that bottom channel next and makes a down-trending channel, then boy it's going to rocket up next. I think BTC will rally past 25K to 32K next so this is the perfect opportunity for LTC to touch down on the bottom and rally up.
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Maybe it won't be a channel after all. This is THE support line we don't want LTC to fail...
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I guess suport lines are meant to be broken! But our parallel channel is showing signs of holding maybe? Super excited to see what LTC does next!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.