Does $LTC Still Depend on $BTC?
Updated
certainly much of crypto is still heavily bound to 
BTC as the main currency for shifting/hedging between alts--and BTC is due for a massive correction (combined with the FUD around August 1st). However, FUD for August is also driving fervor for LTC.
I'm aiming for
LTC long, but I've got crash catching orders just in case we drop to $34.
Tonight, I see a double bottom here with an upward probability toward the next downward slope targeting 47.50-48 or so before it comes back down slowly and makes a choice as to whether we are going down or up. Watching BTC for similar movements--but be prepared that LTC could break the pattern of BTC.
BTC as the main currency for shifting/hedging between alts--and BTC is due for a massive correction (combined with the FUD around August 1st). However, FUD for August is also driving fervor for LTC.I'm aiming for
LTC long, but I've got crash catching orders just in case we drop to $34.Tonight, I see a double bottom here with an upward probability toward the next downward slope targeting 47.50-48 or so before it comes back down slowly and makes a choice as to whether we are going down or up. Watching BTC for similar movements--but be prepared that LTC could break the pattern of BTC.
Comment
haha, ignore that crazy yellow dashed line going all nutty and vertical with a backward flare--moved it and forgot to delete it ;)Comment
could be a repeat pattern here:Comment
continuing:
Related publications
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.