Hello Traders,
Litecoin LTC has always dumped when it approaches its halving date and It will probably do the same thing again.
Litecoin LTC has always dumped when it approaches its halving date and It will probably do the same thing again.
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The Big Picture with LTC.
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LTC/BTC Pair
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LTC/BTC Pair looks like a bearish megaphone pattern in the right shoulder.
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Here is a better view of the chart which includes 3 halving dates. Notice the pattern of price before halving.
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I cant believe I didn't spot this massive H+S earlier. Purists might argue that the wick breaching the neckline on the left shoulder invalidates this pattern.
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LTC/BTC Pair
Here is an update from my chart post on July 31st 2023.
The price has dropped around 50% and has hit the target area.
Here is an update from my chart post on July 31st 2023.
The price has dropped around 50% and has hit the target area.
