Long Term LTC Performance Compared to ETH (LTC/ETH ratio)
Updated
Overall ETH has been performing better than LTC for a very long period.
A longer period of data has been used in this chart than previous ones.
The ratio is expected to continue to go lower for the short term until +- beginning of Q2 i.e. ETH performance will be better than LTC, however, we are quickly approaching a 6-year long term support zone of LTC/ETH.
Technicals:
Target:
LTC/ETH = +- 0.57
A longer period of data has been used in this chart than previous ones.
The ratio is expected to continue to go lower for the short term until +- beginning of Q2 i.e. ETH performance will be better than LTC, however, we are quickly approaching a 6-year long term support zone of LTC/ETH.
Technicals:
- Ratio approaching long term horizontal support
- Ratio expected to hug 4/1 Gann Fan until breakout
- Massive Descending Wedge nearing completion
Target:
LTC/ETH = +- 0.57
Comment
Price retested and bounced off 4/1 Gann line and long term diagonal support line. LTC/ETH inching its way to long-term support before a second touch before most probably breaking out.
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