I can not believe my eyes! Can charting crypto all be a mean prank!? Do I truly see what I am seeing here! I just projected the 20 MA and 200 MA on the LTCUSD daily, and to my GREAT BIGLY SURPRISE, a crossing of these lines would/could occur on the 6th of August 2019... which coincides with the Litecoin halving!
We are talking of the death cross of all death crosses here... the 20 MA crossing below the 200 MA is a major, major death sign for bulls.
Be careful buying Litecoin here, this could potentially drop to $38 by September!
If just extending a line meant something it could be over 1,000 or -500 already and that's not the case. Your projection is IF a 1 month long trend continues for a few more weeks without changing.. so I wouldn't get too attached to the idea yet...