4xForecaster

LTCBTC - TG-1 and TG-High - "Access Denied"

BTCE:LTCBTC   Litecoin / Bitcoin
88 7 1
Recent targets are officialy negated by recent reversal. Market for this relative strength chart expression of Litecoin vs. Bitcoin has turned from bullish to neutral with a bearish directional bias (i.e.: lacks the reversal confirmation signals in our system for the time being).

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David Alcindor, CMT Affiliate #227974
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flibbr PRO
2 years ago
For this LTC/BTC Ratio to go up... LTC must rise alot faster then BTC.. but why would it.. when it has nothing other than is just a coin... Nope. The only thing LTC/BTC does is go down. Down down down to hell.
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ronfkingswanson PRO flibbr
2 years ago
lol except for when it goes up - which is precisely what sets it up to be *able* to go down, down, down
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flibbr PRO ronfkingswanson
2 years ago
It's only gone up twice.
1) When everyone though LTC was going on Gox on A date... went up to 0.036
2) When Chinese implemented it and noob money flowed in, looked at historical ltc/btc rate and thought it should be bought up.
All other times.. it goes down.
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B10ckLanders flibbr
2 years ago
no reason to trash this coin over and over... your views on LTC have been made clear. BTC can handle competition.
some of us appreciate insightful analysis, regardless of the pairing..
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flibbr PRO B10ckLanders
2 years ago
I'm not trashing the coin, I'm pointing out that for LTC/BTC to rise, LTC must rise faster than BTC... but why would LTC rise faster when it has no payment process, no merchant support, no ETF's, no neo bee.. and so on.. Thus, any rise is only short term speculation based and BTC will win. Poor mans btc isn't unique enough / enough of an advancement of BTC to make it ever worthwhile.
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B10ckLanders flibbr
2 years ago
just an asset moving in price along a timeline.. i try to keep emotion out of my trading.. and yes, i do want BTC to succeed, but if the chart says to dump and short thats what im doing....
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flibbr PRO B10ckLanders
2 years ago
wtf ? I wrote this a while ago, it helps explain things better; http://www.reddit.com/r/litecoin/comments/1rsyl2/why_judging_litecoins_price_in_terms_of_ltcbtc_is/
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