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Longltc

Litecoin cycle analysisDuring the crypto bear market, LTC gets killed, and drops 90+%. Much steeper retracement than BTC. After the cycle bottom, LTC recovers better than BTC at first, but it is very short lived. Once we hit an intermediate cycle top, LTC stalls and goes sideways, while BTC consolidates, but ultimately keeps going up. Last BTC bull market, LTC went sideways for 600 days. Since the intermediate cycle top, July 2015 BTC - up 250% LTC - down 50% Last cycle, LTC didnt make a move, until 1 month after BTC broke through previous cycle ATH of 1150. since BTC broke 1150 (ATH) Feb 2017 BTC - up 1600% LTC - up 9000% LTC is been falling since the intermediate cycle top from 145 to 88 (-40%), meanwhile BTC is down from 13700 to 11750 (-12%). I suspect the trend continues, and LTC stalls for the short to intermediate term, while BTC picks up steam. Once BTC breaks 20k (ATH), I expect a move away from BTC into LTC, resulting in another "moon" move for LTC, and the start of mass retail investing, altseason, and the final and most potent portion of the current bull market.
BITFINEX:LTCUSDLong
by davidm163
4
LTC glimmer of hopeLitecoin has been bleeding out slowly but surely ever since it reached all time highs. This correction was normal and in fact maybe even an indication of what came to be later on a major correction in BTC. For not BTC is slowly recovering, this recovery is however not certain and the market still has to decide between a bear market or a bull market. Recent developments push my own opinion towards the latter. We do however, need more data. Only more points on the chart will tell. We see that LTC went through an extreme correction, and if you bought anywhere between all time highs and the bottom you've been hit hard. LTC showed over a 70% retracement mirroring that which happened in BTC. Hold in there and if you can pick some more up, we won't see LTC at these prices forever. Recent news such as possible regulatory approval of cryptocurrencies in general and Litepay will certainly push the price up. How far will we go up? Depends on if we can break through resistance which were previously supports - 200ema and a corresponding fib level. The RSI is looking up and the MACD seems to have kissed, is this just a smack or a full on French? Only time will tell. I say LTC is going to go into an extended consolidation phase, waiting for approval from BTC for an upside. Remember this is not financial advice and I am not a financial advisor. Good trading and best wishes. X
COINBASE:LTCUSDLong
by dereckmezquita