I still believe this is an accumulation but might take 1 year more so I updated my previous idea, I believe we are going for a spring based on wyckoff accumulation. Altcoins on USD pair should see lower lows as well:
So guys! I think an imminent rise is comig for LTC, based on a lot of factors:
1) It has reached the resistance that double bottomed on february,
2) Ithas just reached a bit below MA200 and bounced back
3) TRIX seems to be reversing, and the discrepancy between it and the MA is getting lower
4) RSI has just reached oversold, coupled with stoch, and is bouncing...
Rubbish dump. back in between premium and discount. swept the lows. taken the stops now move to top of the range and see what happens. two sets ups one now and one if we get a retest of (discount) bottom of the range.
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...