Update: Still Bearish, Cautionsly ... | #LTCUSD #BTCUSD #Bitcoin

4xQ'ers,



Yesterday, we updated the chart following a significant decline as preempted by our earlier predictive analysis. As of today, we expect some price unwinding, respective of the overhead (red) trendline. However, as price broke through its upper bullish momental line, it is likely to reach its next lower level.

Targets offered are valued as expression of #Litecoin's relative strength against #bitcoin. Nonetheless, our predictive analysis and forecasting methodologies have proven reliable even on this chart, so we offer these targets in confidence and good faith. Notheless, always do your due diligence.

OVERALL:
Out look remains bearish. Interim unwinding to the upside might be capped by overbearing down-trendline.

Cheers,


David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting