Litecoin has been in this position before back around July 15th 2017, when BTC was starting to take the lead again with 40%+ Market dominance. This time though it has MUCH more competition. Litecoin up to this point has been beating BTC in FIB retracement everytime. When BTC went .5, LTC went .386, over and over again. This is how you take over an monopoly (BTC), brick by brick.
OK TA:
I found one major line of convergence here for LTC that I believe will wedge our next structure consolidation. Usually when you have a parabolic wave up and parabolic wave down you get a 1:1 ratio for a while of push and pull, ying and yang.. AKA a FIB Wedge.
I've mapped out 3 version this market can take. All involve LTC rebounding to .5 (50%) The real question is, will LTC break early, on time, or too late. I'm personally selling at wave 1's peak, then waiting for results to re-enter the market. It's nice when all the road options are mapped out. YAY FIB extensions, retracements and trend line parallels!
Let me know if you have any questions. Visuals is more my thing than explaining what I'm thinking.
OK TA:
I found one major line of convergence here for LTC that I believe will wedge our next structure consolidation. Usually when you have a parabolic wave up and parabolic wave down you get a 1:1 ratio for a while of push and pull, ying and yang.. AKA a FIB Wedge.
I've mapped out 3 version this market can take. All involve LTC rebounding to .5 (50%) The real question is, will LTC break early, on time, or too late. I'm personally selling at wave 1's peak, then waiting for results to re-enter the market. It's nice when all the road options are mapped out. YAY FIB extensions, retracements and trend line parallels!
Let me know if you have any questions. Visuals is more my thing than explaining what I'm thinking.
Order cancelled:
I've updated this idea in a new post. This was one option, but today was BTC's day to shine. LTC is now building up the spring to pop.