RizeSenpai

BCH Breaking Down a Descending Triangle and Losing to Litecoin

Short
FTX:BCHPERP   Bitcoin Cash Perpetual Futures
The LTCBCH pair has been showing signs of bullishness for many months now and in that time LTC has rallied while BCH has gone down and stood still now we see here BCH is breaking down a descending triangle while LTC is still trading near the highs of the rally. I expect that we may see BCH meet Litecoin halfway and come down near the $30-$65 price range as LTC either slowly goes down and consolidates or as LTC potentially goes up and surpasses BCH.

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