CHECK OUT MY STOP BUYING BTC ANALYSIS - Link below
BTC has just bounced off the 14K price point, and Litecoin is holding firm for now. It shows that cryptocurrencies / Alt coins are paving their path away from their older brother. This does not change the fact that the market is still very much correlated, but the volatility is a little less crazy in LTC.
Now be warned, We are going to move into next month with what I believe is the summer sale before the winter move on the crypto market. We need to test the $120 for Litecoin shown on the monthly chart, which could mean there will be a lot of stressed and panicking traders/investors. $115 is where I would say is 50% of the real all-time high. Forget the wicks/shadows on the candlesticks because they show where prices have been in the extreme case. You want to be looking at the bodies of candlesticks where the price has closed for the month. Litecoins true top is $230, and we are only 50% of the way there.
Conclusions: Litecoin has made some great moves this year, and in the grand scheme of the monthly chart, we still have a long way to go. With BTC going crazy we could see a nice pullback below $115. If this happens, then it is an excellent opportunity to load back up on Litecoin. I get more excited about the downtrend than the uptrends because these are the times where you can get a great deal on the crypto market.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
BTC has just bounced off the 14K price point, and Litecoin is holding firm for now. It shows that cryptocurrencies / Alt coins are paving their path away from their older brother. This does not change the fact that the market is still very much correlated, but the volatility is a little less crazy in LTC.
Now be warned, We are going to move into next month with what I believe is the summer sale before the winter move on the crypto market. We need to test the $120 for Litecoin shown on the monthly chart, which could mean there will be a lot of stressed and panicking traders/investors. $115 is where I would say is 50% of the real all-time high. Forget the wicks/shadows on the candlesticks because they show where prices have been in the extreme case. You want to be looking at the bodies of candlesticks where the price has closed for the month. Litecoins true top is $230, and we are only 50% of the way there.
Conclusions: Litecoin has made some great moves this year, and in the grand scheme of the monthly chart, we still have a long way to go. With BTC going crazy we could see a nice pullback below $115. If this happens, then it is an excellent opportunity to load back up on Litecoin. I get more excited about the downtrend than the uptrends because these are the times where you can get a great deal on the crypto market.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
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ioniccapital.co.uk
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discord.gg/6YfC2wxZ
Related publications
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.
👨🏾🏫 Don't forget our website and Discord
ioniccapital.co.uk
discord.gg/6YfC2wxZ
ioniccapital.co.uk
discord.gg/6YfC2wxZ
Related publications
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.