4xForecaster

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

BTCE:LTCBTC   Litecoin / Bitcoin
89 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).

David Alcindor | 4xQuad.com
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.
Reply
lol except for when it goes up - which is precisely what sets it up to be *able* to go down, down, down
Reply
flibbr PRO ronfkingswanson
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.
Reply
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..
Reply
flibbr PRO B10ckLanders
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.
Reply
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....
Reply
flibbr PRO B10ckLanders
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/
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out