LTC/BTC Analysis - 12/27/19
Hey traders, quick Litecoin to Bitcoin ratio update. Right now Litecoin looks exactly like every single other altcoin on the market, the analysis I just posted on XRP looks like a mirror to Litecoin's chart.
Going into TA, this is what I mean. Right now, just like XRP, Litecoin's move has fizzled out and lost it's long-term uptrend stending from the previous parabolic spike's up.
Now, Litecoin has finally found it's bottom along 5590 sats (the price point right before the last altcoin season) and seems to be flatlining along this support.
Anyday now, Litecoin will have a parabolic move up now that it found it's bottom. Altcoin season is coming, all we can do is wait.
As always please do your own research, I am not a financial advisor.
Going into TA, this is what I mean. Right now, just like XRP, Litecoin's move has fizzled out and lost it's long-term uptrend stending from the previous parabolic spike's up.
Now, Litecoin has finally found it's bottom along 5590 sats (the price point right before the last altcoin season) and seems to be flatlining along this support.
Anyday now, Litecoin will have a parabolic move up now that it found it's bottom. Altcoin season is coming, all we can do is wait.
As always please do your own research, I am not a financial advisor.
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