litecoin price

Litecoin Technical Analysis December 28th

Litecoin price

Litecoin Technical Analysis December 28th! Above is the 4 hour chart showing the start of a 4 hour uptrend in Symmetrical Triangle getting support at $230. Major resistance should occur at $283. Parabolic Sar is in a downtrend look for this to be broken before a major upswing occurs. Stochastic RSI has crossed in the lower range a very bullish indicator. CME futures will end Friday nothing is holding back Bitcoin or ALTS back at that point. Limit ups might push it higher on Sunday when CME futures open. Buying dips should be profitable till Sunday

Previous Technical Analysis!

Litecoin Price Prediction December 26th!

Litecoin price

Litecoin Price Prediction December 26th! Above is the 4 hour chart showing a 4 hour uptrend getting major resistance at $280 sorry to say it doesn’t look like the uptrend will hold. On a time scale Bitcoin is on an down 1 for the 4 hour usually a reversal indicator for Litecoin. Parabolic Sar is in a uptrend look for this to be broken before any major downswing occurs. Stochastic RSI is ready to cross into the lower range. CME futures are back this might be the biggest problem for the Bitcoin price and the whole market. Since they started Bitcoin hasn’t seen a green day. I expect selling to continue until the weekend hopefully I’m wrong.

Charlie Lee dump!
It’s not about whether Charlie Lee made a good trade or called the top, it’s about dumping all of his coins on his users and investors.

Exactly per above if Bill Gates, Tim Cook (Apple) or any other Owner/CEO dumped all of his shares it would be bad for the future direction of the company.

To me it signifies Charlie Lee will be doing little work in the future on LTC, not that he has done much development on LTC to date regarding new features. What’s the incentive?

He’ll talk the talk, but kick back and take the lazy slow half-assed approach. What is his incentive to drive, grind and work hard on LTC?

This signifies a deterioration of LTC’s long term path and road map going forward.

I did own LTC in the past and made a good return when they integrated SegWit, but sold after learning more about Charlie Lee and his lazy fuck-all Socialist/Central Planning approach to crypto.

Thank him for helping to kill SegWit2x, supporting Core/Blockstream and creating the bitcoin network congestion/high fee environment that is plaguing the entire crypto community as we speak.

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