LTCBTC trade ideas
LTC / BTC - Currently re-testing middle of W patternQuick and dirty chart -- one of two scenarios may play out here, as shown on the chart. We need to successfully re-test the red box and get back above it to remain bullish short-term.
Related long-term LTC / USD pair ideas linked below.
Update/Edit: the red box could potentially be extended down to approx 4530 sats, we really don't want to break below that, if we get below 4500, we likely see further correction.
Accumulation Zone being hitLTC/BTC is nearing the all time lows. Sentiment on twitter has been horrible and saying LTC is done. However, I think having a contrarian view is profitable. Here are some signs showing that a reversal should be happening in the future. The MACD is showing bullish divergence for over a year now. The RSI is showing bullish divergence too. The recent price action is in a falling wedge which should break up. In the coming months to next year there should be a spike up in price.
This is not financial advice