A Huge Pump is Still a "Go" for Month of June in My Opinion!
Especially, with what I'm seeing with my Phoenix TSI Short Cycle and Long Cycle indicators in the 4-Day and Weekly time frames; we certainly look like we could pump soon. Yes, there is a chance for one more small dip (shakeout) before lift-off. Other than that, I really don't see anything in the indicators signalling any kind of lengthy bear market any time soon.
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LTCUSD also appears as though downward pressure may continue until May 25 to May 27 date range before potential reversal to upward pressure. Hopefully, you had buy orders scattered around through the price range outlined by the yellow box. The upper side of that yellow box has been breached already. We still have time for it to fall a bit more.
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Here's a look at the Daily (24h) to show you this downward pressure may continue until May 27 or possibly a little later.
