After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair.
Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.
I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄
Maybe we have to run out of BTC first in order for LTC/BTC pair to start appreciating 🤔
Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.
I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄
Maybe we have to run out of BTC first in order for LTC/BTC pair to start appreciating 🤔
Note
It doesn't mean that LTC against usd will go down. Most likely will go up, but BTC will dominate alts in the near future, except for dogecoinNote
I will update once the current weekly candle closes on this pair in around 4 days.
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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.