Litecoin vs Bitcoin... Chart Analysis of LTCBTC
At some point LTC may rise against BTC, but as per the current Monthly chart shown, we see that LTC has lost value against BTC since April 2019. A 70% decline.
Note the MACD is moving up with a possible cross of the zero level coming in a month or so. This suggests sentiment may be changing. A subsequent break of the trendline would indicate LTC raising against BTC, at least for a little while.
In order to break the long-term downtrend, Litecoin would benefit from some good project news, new partnerships, and market place adoption as a cryptocurrency.
Don't fight the trend. Make the trend your friend.
We'll be watching LTC for a change in trend, but wouldn't be buying just yet. Technically the trend is still down.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Note the MACD is moving up with a possible cross of the zero level coming in a month or so. This suggests sentiment may be changing. A subsequent break of the trendline would indicate LTC raising against BTC, at least for a little while.
In order to break the long-term downtrend, Litecoin would benefit from some good project news, new partnerships, and market place adoption as a cryptocurrency.
Don't fight the trend. Make the trend your friend.
We'll be watching LTC for a change in trend, but wouldn't be buying just yet. Technically the trend is still down.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
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