nagihatoum

LTCBTC to break down from ascending triangle to 5330 mBTC

Corto
BITFINEX:LTCBTC   Litecoin/Bitcoin
LTCBTC hit a major resistance line, if the price is rejected at this line, price will drop and break the ascending triangle. I am more in favor of a down move because it will complete the ultra huge bullish shark (blue) from my previous idea. Also BTC is bearish and a drop in BTC will elicit a big drop in LTCBTC, and I have predicted in a previous idea that the BTC to LTC ratio, the inverse LTCBTC, will rise dramatically. A pump in BTC will also cause LTCBTC to drop. LTCBTC pumps only when BTC is flat or LTCUSD disconnects from BTC price movement or outperform it.

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