✴️ Litecoin | Recovery Or Fail? Consider The Bigger Picture

18 cze 2023

The main chart above is indeed what we are seeing... But weakness abound or at least the feeling of weakness and doubt is in the air. Maybe because it is Sunday? Or because we will see a crash tomorrow?

Recovery or fail?

Here is the fail version of this chart:


To be honest, everything goes but many Altcoins already went through the "fail" pattern, the lower low.

The weak ones already went lower, some broke even their June 2022 low/support.
The strong ones remain high, in this case a higher low compared to the March 2023 support.

We are open to all scenarios but the chart remains bullish for Litecoin as long as it trades above its March 2023 low/support. That is short-term.

The bigger picture is clearly up.

Namaste.