Litecoin going Parabolic again or is it ending, part 2

2019년 6월 24일

The strength LTC has been showing the past months, the weakness it has been showing the past week. Bitcoin rallied so much, one would expect LTC to rally a lot more as it has done the past months. But instead, it barely even moved. Just doesn't make a lot of sense, unless we are seeing a lot of profit taking. The ending of the parabolic move shows us this, but so far not real volume dumping though. In the middle it broke a small support, but no follow through yet. With Bitcoin being at an important stage now as well, we can either see this H&S play out and accelerate down, or the H&S fails and we get to see a counter move instead. But then it should stay withing that possible wedge in the middle.

The 125/128 zone can still be a big support even if we make a drop now. But if that breaks, the next support zone is around 115 and 100.



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