Litecoin Deja Vu?
Updated
Will a similar structure produce a similar outcome? the monthly shows we are still a couple candles away from a potential resistance breakout.. 2024 should be an interesting year for baby brother to btc
Note
perfect rejection off major resistance and solid bounce at crucial support. It's looking like once the monthly march candle opens things should get interesting.Note
as expected litecoin broke free from the 3 year long wedge and started its quest upward. Taking a quick look at the ltc/btc ratio it would seem we still have some more work to do before litecoin can really starts cooking. the ratio is also in a 10 year long wedge being suppressed. breaking out is going to really kick off the fireworks. i suspect the may monthly candle to be the key to litecoin's price divergence from btc and play catch up.
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