If you trade against BTC instead of USD pairs, then 0.004 on LTCBTC is a critical level worth watching at the moment. This formation shows Bitcoin leading with repeated rallies in price - those are the LTC drops - followed by surges in Litecoin price when 0.004 is breached. The result - very nice, very tradeable sawtooth, if you already own LTC and BTC .. set an alarm for a breach of 0.004, swap from BTC to LTC, set your LTC sells at 0.005. Wait, profit! The fun will continue as long as the image of Litecoin stays as 'Bitcoins Little Brother' - this guarantees that LTC relative value is always gonna chase BTC's.
The Litecoin Seesaw is suuper fun when BTC is pumping!
The Litecoin Seesaw is suuper fun when BTC is pumping!
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Are you having fun yet? I opened at 00413 because I'm impatient and looking at 0052 to gauge where its at. I do not have a stop on this because let's face it, none of us can look away right nowNote
Add add add add that was my signal - breach of 004. BUY REVERSAL STARTS NOW
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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.