Time for the Litecoin cool down?

13 May 2017

Weekly:


The future has never been brighter for ltc, but the market is very overheated right now. To me, the chart is telling us it's time for a few weeks (months?) of cool down before a new bull market can begin.

13 May 2017

Not

Also, you can see somewhat of a diamond top formation:

14 May 2017

Not

New published chart on ltc/usd:

17 May 2017

Not

That *may be all the down we get, at least for now:

ltc/btc

-also on the weekly chart price is getting support from the 200 MA.

ltc usd

17 May 2017

Not

Starting to look like I nailed that, and we just saw the bottom (at least the local bottom and possibly the real bottom). If you look on lower time frames (4h) its possible the a-b-c already played out:

If not, then we are in for one more nice up wave before going down for c. The release of the litecoin roadmap would suggest that may be all down we get and the cycle is complete. I bought back all my ltc with orders in the .013-.012 range, worked out really well for me.