LTC/BTC Price Analysis & Short Term Projection
Hello Everyone!
I've also been doing analysis on the
LTCBTC
however, most of us are trying to grow the amount of $BTC we own. Here is a quick analysis of the
LTCBTC
pairing:
Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on $BTC (myself included), I believe
LTCBTC
still has to show price holding to get the proper buy conditions.
Since
LTCBTC
has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met.
I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
I've also been doing analysis on the
LTCBTC
however, most of us are trying to grow the amount of $BTC we own. Here is a quick analysis of the
LTCBTC
pairing: Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on $BTC (myself included), I believe
LTCBTC
still has to show price holding to get the proper buy conditions. Since
LTCBTC
has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met. I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
Trade active:
23cci rolled up and price has moved towards the mean. I'm actually updating the target to around 9000 sats.
Trade closed: target reached:
Target reached