There is a common 9 1/2 day pattern that gets repeated on LTC every few months. This most recent pump, some of which claim is not yet over, is just another (overdue) repeat.
Simply,
pump -> consolidate -> pump much higher -> consolidate -> break bearish out of consolidating triangle -> dead cat bounce -> bear market.
LTC isn't particularly risky to enter since it will likely be a slow bleed if this turns out to be the case, but your investments are likely better elsewhere.
Interestingly, these patterns also follow a common trendline for the bottoms.
Simply,
pump -> consolidate -> pump much higher -> consolidate -> break bearish out of consolidating triangle -> dead cat bounce -> bear market.
LTC isn't particularly risky to enter since it will likely be a slow bleed if this turns out to be the case, but your investments are likely better elsewhere.
Interestingly, these patterns also follow a common trendline for the bottoms.