The 1W chart is forming a bottom, it may be temporary but it seems that it could find one as soon as this head and shoulders reversal occurs on the 12H chart.
Last 2:1 chance to short is near ATH. How long will bears last?
Bears are getting exhaust to detain bulls attempts to break ATH.
Ppl have asked ()litecointalk) when is the best time to buy Litecoin. I tried to explain without drawing, but I think I did not explain as good as I could do drawing. "More important than the price is the trend itself. LTC is still consolidating the up trend and have been doing so since September 2020. Right now, LTC will face two resistances to climb, ~245...
While 0.6 is a low risk, profit to short are also low and risky when you are betting against the trend. Sad for the shorter, but BTC is getting over your neck. Resistance is futile. Bonus: ETH and LTC have already accumulated, this also happened along all the BTC ATH run (from 10k to 60k).
LTCBTC is starting to reverse trends. Sellers tried to hit Litecoin on 1H, but bulls kept growing steadily.
Time-frame is shrinking. Do you think it will grow accordant to the pattern?
Litecoin already got out of the second flag. What will be the mean support lite for Litecoin? Will you help me?