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thomas58700
Dec 22, 2017 10:05 PM

Time to BUY; LTC Battling the Gold line Long

BITSTAMP:LTCBTC30
Litecoin / BitcoinBitstamp

Description

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LTC been battling the horizontal gold line; waiting to see if it will power through this time.

Trade active

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Another drop in LTC, then it will try again
Trend AnalysisHarmonic PatternsChart PatternsLTCLTCBTC
Comments
KurtDiesel
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What do you think now
mangomunchers
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Will ltc break through??
thomas58700
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@mangomunchers, ltc seems like it could move up more due to a large buy wall, but xrp has a stronger buy wall. Both don't seem to be moving very far
thomas58700
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@mangomunchers, (large balanced walls)
thomas58700
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@mangomunchers, btc seems like the determining factor, if that drops then ltc goes up
TeodorHirs
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Do you think that LTC<->BTC ratio will be changing in this direction? My thoughts are more in direction that BTC will play dominate role and that next jump will be in oposite direction i.e. I would bet that next ratio extrem is 0.01500000
martin2048
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@TeodorHirs, Im now short in this pair as well, we can see there is a bounce downside the golden line. Good luck guys :)
thomas58700
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@TeodorHirs, I can see LTC possibily taking dominance over BTC, much lower fees, faster transactions already well known
thomas58700
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@TeodorHirs, perhaps this gold line would represent a flip in LTC's power vs BTC
dman33
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@thomas58700, Yes. It would. I would not bed on that just yet. tho.
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