Double bottom, downtrend reversal, Long Litecoin/BTC

12 abr 2022

Litecoin is at the lowest levels relative to Bitcoin in its History. The double bottom formation, is creating a great set up for the reversal. Long Litecoin.

Litecoin has also broken out of a multi-year downtrend. Found support, hold on Ladies and Gents.

17 abr 2022

Nota

This is one of the best swing trades present in the cryptocurrency market at Present. Focusing on the LTC/BTC Ratio, Technical Analysis and the Ratios History.

I believe we are seeing the building of an ideal Long litecoin against Bitcoin swing trade. Examining the daily candles, we are seeing continuous strong green candles. I believe that this is a great consolidation zone to accumulate litecoin.

Although not financial advice, the way I have undertaken this trade is using Binance cross 3x LTC/ BTC. This is one of my strongest conviction swing trades at present. I believe the underlying risk to the downside is limited due to a historically favourable ratio range. With large upside if this trade performs similar to the past, the High reward and relatively low-mid risk has entered a favourable entry zone.

20 abr 2022

Nota

Currently watching the LTC/BTC ratio test the 50 Day SMA as support. If confirmed a rapid rally to the upside on the Horizon. The 50 Day SMA is curing upwards, been a promising signal in recent history.