$LTC : 35% losses for September before parabolic bull run Q4

28 août 2019

*The best way to make money in crypto is to wait for the extremes!* Never fall for FOMO.

Alt coins continue to bleed losses during BTC consolidation. This analysis is based on my prediction that Bitcoin will sustain 30% losses for September falling to the low 6k's, before going parabolic bull in Q4.

On the daily chart LTC is near oversold levels on RSI and the ADX (25) has confirmed bears are easily holding this bearish trend with the -DI above +DI.

I'm eyeing prior key support at the 161.8% around 447/LTC as a critical support and possible buying area in late September.

Bobby

29 août 2019

Note

Going as planned! I expect the 127% retracement at $59 to provide a desperation buy zone for bulls, but it will be temporary. I fully expect $47 dollars to be tested and will be a key historical support for LTC in Sept.