The idea is simple.
There are numerous converging tailwinds that suggest LTC/USD faces a radical repricing event in the weeks ahead. Not all data points have been listed here (see chrisoncrypto.com or my pinned post on X for more).
Typically, LTC/USD experiences a drawdown post-halving, but that drawdown is historically temporary, and precedes the coin's...
Litecoin/Dollar exchanges hands at $111 at the time of writing, down 16% week-on-week.
LTC/USD bounced 11.2% from double-digit lows over two days and could experience a relief rally if certain conditions are met.
The first over-head resistance for LTC/USD is reclaiming $122, the prior local level which gave rise to accelerated selling pressure last week. An...
H12 and H24 super trend both flipped bullish in the first week of Feb. Before that, bitcoin sold off for 3 consecutive months without a relief rally. This is not normal. BTC/USD is currently testing H12 ST support and may even test daily support, but the trend has changed, technically. Liquidity resting higher.
More analysis on chrisoncrypto.com in the newsletter section.
Bitcoin seems to be in another "decision time" moment and this could propel bitcoin towards a hard rejection towards $8k or another retest of $10,000. Either way, price-interaction with both these levels will dictate what btc does from there. I don't see $10,000 holding as resistance again if btc revisits this area. In the same sense, I do not see $8,000 holding...
As always, here's the no-bs assessment of what btc might do moving forward. I think a bounce is likely in the short term but a correction to 7.5k is also probable. Might get a bounce then correction. Check out my newsletter for the full idea!
This is not financial advice please do not trade based off what is said here.
I think it's hard to deny that this is still quite bullish, even with the pullback. Imo a pull-back to mid-7ks before another run-up would be even more bullish but the market might not provide that opportunity until after it hits $10,500. These are just general thoughts and nothing said here is investment advice. Check out my newsletter at chrisoncrypto.com for...
Bitcoin has seen a nice rally with 7 weeks of continued upside. Technicals are suggesting that a week of correction is overdue but we all know how hype can erase technical data in an instant. Full idea is published in my semi-weekly newsletter on chrisoncrypto.com. Check it out!
This is not financial advice.
Here are three possible scnearios for btc. Bias is bullish but only just. I outline everything in further detail in my free newsletter which you can find at chrisoncrypto.com.
This is not financial advice.
No bs-assessment of how this might play out.
I am a btc bull. You shouldn't trust TA blindly. Do your own research.
My profiles are public but my trades are not.
This is not financial advice.
