Fatal!! Pray for LITECOIN - Prepare To Light a Candle.. IF...!
Updated
Hey Friends!
Admitted. The title is (too) dramatic. But let D4 explain what's going on with Litecoin at this very moment!
We are now taking a look at the 4h LTCUSD Chart. Last time we were taking a look at LTC, we were caught in the symmetrical triangle. As I told you, LTC was waiting for Bitcoin-Daddy to give directions. D4 told you to be cautious due to the zone of confluence resistance right above our head if we managed to break up from the triangle, which we did.
And that was too much for LTC to handle. We felt heaven and saw the beautiful angels, but only for a short time. After that we fell down in the downtrend channel.
We fell deep after BTC's drop to under 11k, and have now found support on EMA200. If BTC will fall even lower, LTC will be in deep trouble because of the lack of support levels. We will fall to 50 % retrace at least, but very likely to 61,8 % or 78,6 %, which is a 10-30 % price drop.
Let's pray!!
D4 loves you <3
PS. Remember to give a BIG LIKE and FOLLOW. Thx friends :)
Admitted. The title is (too) dramatic. But let D4 explain what's going on with Litecoin at this very moment!
We are now taking a look at the 4h LTCUSD Chart. Last time we were taking a look at LTC, we were caught in the symmetrical triangle. As I told you, LTC was waiting for Bitcoin-Daddy to give directions. D4 told you to be cautious due to the zone of confluence resistance right above our head if we managed to break up from the triangle, which we did.
And that was too much for LTC to handle. We felt heaven and saw the beautiful angels, but only for a short time. After that we fell down in the downtrend channel.
We fell deep after BTC's drop to under 11k, and have now found support on EMA200. If BTC will fall even lower, LTC will be in deep trouble because of the lack of support levels. We will fall to 50 % retrace at least, but very likely to 61,8 % or 78,6 %, which is a 10-30 % price drop.
Let's pray!!
D4 loves you <3
PS. Remember to give a BIG LIKE and FOLLOW. Thx friends :)
Note
As predicted Litecoin would fare worse than BTC if Bitcoin-Daddy fell down. We will see an even bigger drop in price, if BTC fall to it's next support level at 10,2k.LTC is not a good buy at the moment. On the other hand, IF BTC soon will go into reversal you should consider buy LTC.
D4rkEnergY is here for you, guys <3
Please give a BIG LIKE! Love you!
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.