What if... LTCUSD
Updated
Since current LTCBTC charts present best ever buying opportunity if it comes to LITECOIN vs BTC relation (0.0031) we shouldn't be surprised seeing new ATH on LTCUSD market if Bitcoin's price will continue to climb. Similarities rarely play significant role in price action - they do however make it a little bit easier to assume the next possible top area. According to this observation 6x UP from here shouldn't be surprising ( I wouldn't be however shocked seeing market going sideways or even down from here.
Going long at a retest of the current pink channel support isn't a bad idea, provided capital management and appropriate stop-loss is in place.
Don't assume the 10 years of LITECOIN anniversary have anything to do with my assumptions... it doesn't.
Going long at a retest of the current pink channel support isn't a bad idea, provided capital management and appropriate stop-loss is in place.
Don't assume the 10 years of LITECOIN anniversary have anything to do with my assumptions... it doesn't.
Note
Thursday... shape of a weekly:
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