As of recent when bitcoin price has been surging litecoin has been outperforming. On the other side of things, when bitcoin has been dropping, litecoin has been underperforming it. At the moment, bitcoin is trading in a tight range against the USD & I have a bullish outlook for it as I referred to in this idea
This could be an opportunity to enter a long position for litecoin versus bitcoin. If price drops to 0.016, I will be happy to enter a long. I would also be happy to hold this for a few days to let the market go through some short-term cycles & look to take profit on the next upsurge assuming litecoin outperforms bitcoin. In the case that bitcoin far outperforms litecoin, stop loss will be set ~0.0155
This could be an opportunity to enter a long position for litecoin versus bitcoin. If price drops to 0.016, I will be happy to enter a long. I would also be happy to hold this for a few days to let the market go through some short-term cycles & look to take profit on the next upsurge assuming litecoin outperforms bitcoin. In the case that bitcoin far outperforms litecoin, stop loss will be set ~0.0155