Hello Traders,
Litecoin LTC has always dumped when it approaches its halving date and It will probably do the same thing again.
Litecoin LTC has always dumped when it approaches its halving date and It will probably do the same thing again.
Note
The Big Picture with LTC.Note
LTC/BTC PairNote
LTC/BTC Pair looks like a bearish megaphone pattern in the right shoulder.Note
Here is a better view of the chart which includes 3 halving dates. Notice the pattern of price before halving. Note
I cant believe I didn't spot this massive H+S earlier. Purists might argue that the wick breaching the neckline on the left shoulder invalidates this pattern.Note
LTC/BTC Pair Here is an update from my chart post on July 31st 2023.
The price has dropped around 50% and has hit the target area.
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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.