MatthewDixon

“Truflation”A very worrying stat.Maybe #Trump is right about the need for lower interest rates.#Inflation this low and falling so rapidly should have us worried because it could stall economic growth

Remember, this was one of the main alternatives for #BTC which has further Bearish implications BUT indicates we may get a modest correction before this happens

For those that think history repeats.Time will tell but if it does then there may be turbulent times ahead- not just for #Gold

We do now have the FIRST close below the support for #LTC that had held for 9 yearsWarning was given a week ago that this break was a strong possibility and is a worrying Technical indication of worse to come.I signalled openly on 14th Jan that I was exiting major holdings awaiting better levels to re-enter

The two current dojo candlesticks here on #ETH indicate that the market is undecided.Again its wait and see time

On the one hand #LTC is showing very slight Hidden Bullish Divergence BUT this would be eliminated IF #RSI drops below 40. We also have downward sloping RSI which failed to break overhead resistance at the last "test".However, it remains to be seen whether 9 yr $LTC price support holds but we should know by the end of this week

How often have I said to watch out for major Bearish Divergences on LONG timeframes as an indication of a significant turning point in the market.What was the last serious Bearish Divergence telling us about #ETH

#Trump at it again - disappointing doesn’t quite describe him!

#LTC long held trend line is VERY important. Price has NOT CLOSED below it for 9 years now. It has tested below multiple times and failed to break down - This time may be the same but we need to wait the close of the monthly candle to see.\nA close above would be Bullish - Below would be Bearish.\nA Break of $LTC 63 would be devastating as it would eliminate any Hidden Bullish Divergence.\nWait and see or trade with stops either way.\n#FED #InterestRate decision may have a bearing?

Kevin Wash is ahead in the race to be the next FED Chairman, He shares the same views as the president, that is, that you can have a strong economy while still lowering rates. Warsh says he believes we are going to experience a boom in productivity because of AI, which will help bring down inflation.\nCould well be very positive #Crypto short term but may cause problems longer term if economy overheats as a result of lower rates.

Even #ETH looks horrible on the Monthly chart.\nLets see how the current $ETH candle finishes the month.

Please give me your Bullish take on this monthly $LTC chart.\nI am trying to put a Bullish hat on but I genuinely cannot find a shred of evidence for the #LTC Bull case\nEven LONG TERM support is broken although we would need to see the monthly candle finish for confirmation.