LTCUSD PENNANT CONSOLIDATION
Hi.
As for LTCUSD, it is currently in a bullish pennant consolidation pattern. If BTC continues to bleed, i think LTC will head lower to 115ish, to clear out stops and revert to the upside with targets marked on the chart as .27 and .62 fib extensions.
LTC usually lags a bit, but when it starts moving it moves strong.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
As for LTCUSD, it is currently in a bullish pennant consolidation pattern. If BTC continues to bleed, i think LTC will head lower to 115ish, to clear out stops and revert to the upside with targets marked on the chart as .27 and .62 fib extensions.
LTC usually lags a bit, but when it starts moving it moves strong.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.