LTC/BTC - A Macro Overview
Just a pattern I noticed charting some dino coins.
LTC entered this these two falling wedges in early 2018, right at the beginning of the bear market. It finally broke the resistance on the first wedge a couple of weeks ago, got rejected at the second resistance right before the crash, and then bounced back off the first resistance yesterday.
You'll notice a similar setup that began in 2013, right after the previous bear market. The last time it broke out of the second wedge resistance was the beginning of the parabolic alt season from 2017. If it manages to break that resistance again we may see a similar outcome.
LTC entered this these two falling wedges in early 2018, right at the beginning of the bear market. It finally broke the resistance on the first wedge a couple of weeks ago, got rejected at the second resistance right before the crash, and then bounced back off the first resistance yesterday.
You'll notice a similar setup that began in 2013, right after the previous bear market. The last time it broke out of the second wedge resistance was the beginning of the parabolic alt season from 2017. If it manages to break that resistance again we may see a similar outcome.
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