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BTCUSD vs. LTCBT - Chart:Relative Positions | #bitcoin #Litecoin

BTCE:BTCUSD   Bitcoin / Dollar
528 4 8
BTCUSD             vs. LTCBT - Chart:Relative Positions | #bitcoin #Litecoin


One interesting observation that could be made when superimposing the line chart of #LTCBTC (dark line) over the candle chart of #BTCUSD is that:

1 - Both currencies have a near positive correlation in terms of market directions

2 - A close of BTCUSD             above LTCBTC             line is accompanied by a bullish market acceleration of BTCUSD             relative to LTCBTC             . Inversely, a close of BTCUSD             below LTCBTC             is accompanied by a bearish market acceleration of BTCUSD             relative to LTCBTC             .

These two observations along should help the currency trader improve directional biases, position trades in the directional bias favored by BTCUSD             and LTCBTC             relative positions, and derive more consistent profits.

Note here that the target offered in BTCUSD             is based on a prop pattern that warns of significant resistance at the level defined, namlely: $859.47.

Cheers,


David Alcindor | 4xQuad.com
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Pre 25th November, LTC/BTC was authentic, by authentic, I mean BTC's value rose ~ due to good news and integration and such ~ and LTC remained static ( at $2 ish ) Because LTC had no reason to rise, it is nothing todo with BTC and was not adopted.

Then China Implemented and noob money flowed in which re-attached it's linking to BTC pricing (again, why ~ it is nothing todo with BTC integration / developments).

When BTC starts making new big moves ~ whenever that will be ~ I again think LTC will stay in reality and BTC will take off, leaving LTC/BTC on the floor.
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The creator of Litecoin, and the person who continues as the lead dev, and the "face", for litecoin is the brother of Bobby Lee, the CEO of btcChina, Charles Lee. Charles Lee works for coinbase. This connection and solid news and reports of this connection flowed more heavily before the December rally/parabolic. People were connecting the Litecoin dots, especially if you read Mandarin Chinese and keep up with the Chinese chatroom at btc-e. But I understand very few non-native Chinese people speak and read Mandarin, especially at the rate which it flows in the btc-e trollbox. This is big news for Litecoin, actually, it's Gigantic. To think that the CEO of the largest bitcoin exchange in the world, would NOT be considering the opportunity to add his BROTHER'S CryptoCurrency, to list it on btcChina or some other Chinese exchange, this leading and ASIC resistant Scrypt currency, to think that the brother's, one working with coinbase and one the CEO of what was then the largest freakin' bitcon exchange in the world ... would NOT be integrating the future of Litecoin in their plans would be ... psychotic, broken from reality.
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I see that some traders chase BTC buying it with LTC, using the LTC/BTC pair. Other's are want to buy BTC with LTC only when the ratio is heavily in favor of more BTC, for your LTC. It looks mixed somewhat, but those opens and closes, those crossing are good indicators, thanks for this chart and thanks for putting some thought into this indication.
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