LTCBTC - More pain before the glory!
If history is relevant analog, there remains significant downside risk to this pair.
Halving matters, and in the short term more likely that miners continue to sell, to finance forward declines in revenue (miners get half the reward).....plus BTC has caught the bid finally....
And on a emotional/technical trading note, LTCBTC pair literally loves to make you PUKE....yes we have retraced .786 percent basis 2019 movement....but the real capitulation might be just ahead!
Good Luck. Long term remain very positive on LTC
Halving matters, and in the short term more likely that miners continue to sell, to finance forward declines in revenue (miners get half the reward).....plus BTC has caught the bid finally....
And on a emotional/technical trading note, LTCBTC pair literally loves to make you PUKE....yes we have retraced .786 percent basis 2019 movement....but the real capitulation might be just ahead!
Good Luck. Long term remain very positive on LTC
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