Litecoin LTC possible copy of Ethereum ETH arc pattern
It took Ethereum a minimum of two months to make a full comeback from it's initial high. That does not mean that it will take Litecoin that long, but I just want to point out that even though Ethereum had quite a dip, it still challenged the previous high and made a strong comeback. Same thing goes with Litecoin, just because we don't see an immediate challenge of previous high, it does not mean that a longer duration cancels that out. I think based on the lack of evidence of a strong current bullish trend we are going to continue some sort of oval arc formation that eventually ends with a new testing of 100+ and possibly beyond.
I think the testing of the previous high should re-appear sometime time by November, however nobody can predict what news and new technology brings. So a re-testing of the highs could come sooner or even later than November. Thoughts anyone?
Also a question, are the CryptoCurrency Markets awaiting the China situation to flush out before re-gaining confidence and setting a more bullish trend?
I think the testing of the previous high should re-appear sometime time by November, however nobody can predict what news and new technology brings. So a re-testing of the highs could come sooner or even later than November. Thoughts anyone?
Also a question, are the CryptoCurrency Markets awaiting the China situation to flush out before re-gaining confidence and setting a more bullish trend?
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