When looking at the Litecoin to Bitcoin ratio chart (LTCBTC), it suggests that Litecoin will outperform Bitcoin in the near-term. We see our breakout, retest, and now it's SCOTCH time. Let's take advantage of this!
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Still on track; just expanded the support area slightly.
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I've underestimated how powerful this pattern is. This support line goes back all the way to September 2020. The bias is that is will break upwards and when this breaks, it will be HUGE.
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Litecoin looking STRONG! We are coming into resistance now, which suggests either LTC should be taking a breather soon or that Bitcoin will join in on the fun and start moving up rapidly. We shall see! Cheers!
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Option 1 it is! "LTC should be taking a breather soon."
Catatan
Just beautiful. Above the red resistance line and it's "melt your face off" mode.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.