Another self explanatory chart. We are crazy percentages off ATH, on a software protocol that may change the world. Is Litecoin the flavor of blockchain to do it? Probably not, but that has not stopped many speculating on this asset, whatever the reasons may be. This may seem trivial, but Litecoin is not exactly a trading card or a share representing an obsolete company making overpriced cars or purses.... It has a use case and its also getting very close to the end of a massive descending triangle. It's also going to have its supply cut in half next year. RSI oversold. Potential bounce levels are in thick blue and probably will be met so not saying go all in here. Light coin is much deeper into its 78 fib zone compared to BTC, whatever that may mean.
This is not trading or investment advise, just observations.
This is not trading or investment advise, just observations.