LTCBTC pair had a significant growth recently, breaking above the 2017.05 High (0.022).
During the latest Bitcoin rally, the pair went into correction but stopped above the 23.6% Fibo which coincides with psychological support 0.02.
Despite the rollback below the 0.022 level, the bias looks bullish. Also in bulls favor, the rebound from the 0.02 support and recent uptrend movement was accompanied by high volumes.
If Bitcoin goes into a correction in near time, the Litecoin growth would be logical.
During the latest Bitcoin rally, the pair went into correction but stopped above the 23.6% Fibo which coincides with psychological support 0.02.
Despite the rollback below the 0.022 level, the bias looks bullish. Also in bulls favor, the rebound from the 0.02 support and recent uptrend movement was accompanied by high volumes.
If Bitcoin goes into a correction in near time, the Litecoin growth would be logical.
