Litecoin vs Bitcoin | The Eternal Crash
Looking at this chart, I just got the feeling of never buying the Litecoin vs Bitcoin (LTCBTC) pair anymore...
We are calling this The Eternal Crash, because since March 2014 this pair has been printing lower highs and continues breaking support to hit new lows.
Litecoin vs Bitcoin
Since we have lower highs forever, let's just assume that this trend will continue.
Currently, the same support level that was tested back in March 2017 is being tested.
From this low LTCBTC grew by 700%+.
Now, the same support level is being activated.
If this level holds, a bounce to the blue trendline is almost guaranteed (green arrow).
The red arrow is a variation where Litecoin vs Bitcoin tests its All-Time Low before it bounces.
I will look at the USDT pair next...
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Your support is appreciated.
Namaste.
We are calling this The Eternal Crash, because since March 2014 this pair has been printing lower highs and continues breaking support to hit new lows.
Litecoin vs Bitcoin
Since we have lower highs forever, let's just assume that this trend will continue.
Currently, the same support level that was tested back in March 2017 is being tested.
From this low LTCBTC grew by 700%+.
Now, the same support level is being activated.
If this level holds, a bounce to the blue trendline is almost guaranteed (green arrow).
The red arrow is a variation where Litecoin vs Bitcoin tests its All-Time Low before it bounces.
I will look at the USDT pair next...
Always check my profile for new articles, activate the email notifications in profile settings and hit FOLLOW!
Your support is appreciated.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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