We need some more confirmation before we enter a short position here but we have spotted the following on the LTC/USDT charts
- Weekly orderblock resistance
- daily multiple bearish divergences
- Risinging wedge
- declining volume on rise
- already x6 since bottom
- Previous weekly formed an indecision candle against resistance
We are now 56 days before halving, last LTC halving, the price dropped 74% in 46 days before previous halving (will show below in updates)
We are also painting a similar pattern as previous halving
also we can see the following on LTC/BTC (will also post below in updates)
- 0.618 fib resistance
- strong horizontal resistance
- Weekly orderblock resistance
- daily multiple bearish divergences
- Risinging wedge
- declining volume on rise
- already x6 since bottom
- Previous weekly formed an indecision candle against resistance
We are now 56 days before halving, last LTC halving, the price dropped 74% in 46 days before previous halving (will show below in updates)
We are also painting a similar pattern as previous halving
also we can see the following on LTC/BTC (will also post below in updates)
- 0.618 fib resistance
- strong horizontal resistance
Note
Price before last halving (25th august 2015) Note
LTC/BTC price against 0.618 fib and strong resistance 
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
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.