crypto_poet

104 months of LTCBTC price action

Long
crypto_poet Updated   
BITFINEX:LTCBTC   Litecoin / Bitcoin
As time goes on and Bolinger Bands of this chart get tighter over time, a possible significant price movement is expected, following news related to Litecoin adoption. Many times before in the history of Litecoin we did witness explosive price surges following the news (i.e. fake Walmart announcement). Currently, in the areas of ALL TIME LOWS, Litecoin presents some lucrative opportunities for patient SPOT BTC traders who follow capital management. Leverage trading at this point is rather not recommended. Incoming volatility and possibly large incoming volume might result in long shadow wicks on lower time frames.
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Similar volume situation on LTCUSD markets...

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