Litecoin! History repeats until it does not.
Note Litecoin 2014-2015 vs Litecoin 2018-2019
Three Peaks
A low, turned (quasi) descending triangle
Fallout, with rounding bottom, corresponding with RSI oversold to overbought rotation
High, followed by a big drop into consolidation for next bull run ??
The similarities are undeniable. What remains to be seen is if the history keeps repeating. If history does continue to repeat, it is conceivable to see a mini blow off top in the last few weeks of March. Or even a top near current levels could go along with the structure.
Looking at 2015, when the 50 MA crossed the 70 MA, the high was set within 1 week, before the descent into a long accumulation. Now in 2019, the 50 MA will cross the 70 MA on this current candle.
In either case, there will be more lows, more consolidation, and more attractive prices to buy litecoin in the future, not now....IF history repeats.
So what do you think about Litecoin? Will History repeat?
Note Litecoin 2014-2015 vs Litecoin 2018-2019
Three Peaks
A low, turned (quasi) descending triangle
Fallout, with rounding bottom, corresponding with RSI oversold to overbought rotation
High, followed by a big drop into consolidation for next bull run ??
The similarities are undeniable. What remains to be seen is if the history keeps repeating. If history does continue to repeat, it is conceivable to see a mini blow off top in the last few weeks of March. Or even a top near current levels could go along with the structure.
Looking at 2015, when the 50 MA crossed the 70 MA, the high was set within 1 week, before the descent into a long accumulation. Now in 2019, the 50 MA will cross the 70 MA on this current candle.
In either case, there will be more lows, more consolidation, and more attractive prices to buy litecoin in the future, not now....IF history repeats.
So what do you think about Litecoin? Will History repeat?
