I'm fairly convinced that LTC's future is closely tied to that of BTC.
Going by historical data, LTC has posted new all time highs after BTC has done so (in the so called Alt Season).
So the real question is what will BTC do?
Here, I've drawn a channel, support by the ichi cloud.
The halving has passed, and it seems LTC is holding up okay (so far).
We are also close to a major pivot area (based on prior trade data, you can see this zone acted as support and resistance) ... so either this is where it holds, and eventually we go up, or there could be a fairly substantial downward correction happening ... but I wouldn't play that unless it breaks this channel, the cloud, and the pivot area and clearly closes below it.
Not financial or trading advice. Just the little thoughts in my head.
Your trades are your risks.
Going by historical data, LTC has posted new all time highs after BTC has done so (in the so called Alt Season).
So the real question is what will BTC do?
Here, I've drawn a channel, support by the ichi cloud.
The halving has passed, and it seems LTC is holding up okay (so far).
We are also close to a major pivot area (based on prior trade data, you can see this zone acted as support and resistance) ... so either this is where it holds, and eventually we go up, or there could be a fairly substantial downward correction happening ... but I wouldn't play that unless it breaks this channel, the cloud, and the pivot area and clearly closes below it.
Not financial or trading advice. Just the little thoughts in my head.
Your trades are your risks.