This signal can fail, but it looks like a strong move is on its way... If resistance can break.
- The black line on the chart is MA200. Notice how this line is coming down and now below LTCBTC's price.
- Recent break above EMA10 and trading above EMA50, which is a strong resistance.
- We have a and the is also n the zone, something most altcoins are laking.
- This can be a good profit move, so keep an eye on this.
- If enough support is given to this trade idea, I will post a LTCBTC (All exchanges -Binance, Bittrex, Coinbase, BitFinex, Kraken, etc.) trade as well as a highly profitable LTCH19 (BitMEX) trade with leverage.
Thanks a lot for reading.
BTCUSD (~5x lower):
Bitcoin seems to be stronger and hold better its value.
As a long term holder it is better to buy crypto instead of gold, because of potential future growth.
there are periods when one currency performs better than the other.
In the periods when the LTC/BTC curve is going up, it is better to have LTC than BTC.
Now is just such a period. But nothing is forever in the market, you've got to watch it
The ratio Gold/Silver Ratio has been rising for years (since 2011). Still rising...