nagihatoum

BTC to LTC ratio broke up from bull pennant, will LTC die?

Short
heading to 166 is equivalent to 6024 mBTC in terms of LTCBTC pair. This means there will be a big dump for LTCUSD, larger than that of BTC by more than 9%. This is because the volatility for LTC is higher than that of BTC.

The good news is that after the ratio tests the midterm rising channel, it might go down again if it is rejected meaning ltcusd will go up.

And if the ratio is not rejected and go back into the midterm rising, then it is doom for LTCUSD, seeing 22 and lower will be possible.

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