Dear my friends,
Yesterday I analyzed BNB's position against BTC.
Today I also send to my friends an analysis of the price correlation of LTC compared to BTC.
But before talking about price, please observe the volume of LTC compared to BTC. Is it gradually shrinking and waiting for a chance to break out?
Now let's observe the price to find this opportunity. First there was an unsuccessful breakout in March 2022. Then it hit the trendline and bounced strongly again to break out in October 2022. Again it failed. And now, when you look at the chart I drew and you can see why I said it's time for LTC to move and regain ground.
I will immediately enter a SPOT order here and TP in turn at the resistance zones above.
ETH, BNB have begun to regain ground. And now it's time for LTC to step in.
Best Regards,
Yesterday I analyzed BNB's position against BTC.
Today I also send to my friends an analysis of the price correlation of LTC compared to BTC.
But before talking about price, please observe the volume of LTC compared to BTC. Is it gradually shrinking and waiting for a chance to break out?
Now let's observe the price to find this opportunity. First there was an unsuccessful breakout in March 2022. Then it hit the trendline and bounced strongly again to break out in October 2022. Again it failed. And now, when you look at the chart I drew and you can see why I said it's time for LTC to move and regain ground.
I will immediately enter a SPOT order here and TP in turn at the resistance zones above.
ETH, BNB have begun to regain ground. And now it's time for LTC to step in.
Best Regards,
Trade active:
Does this analysis work, my friends?
Comment:
Before the ship starts moving. It will lighten. Don't be left behind!
Comment:
The weekly trading volume has sent a signal, and the technical chart is sufficiently primed for a spectacular breakout. Perhaps all that's left is to await a valid news catalyst to trigger it.
Comment:
The market experienced intense volatility yesterday on the daily timeframe. And in the coming days, I still believe BTC will continue to adjust. However, when we observe BTC.D and the correlation between major coins and BTC, I believe my scenario is correct. LTC has currently broken out and subsequently retested on the weekly timeframe. Looking at the LTCBTC pair correlation, I am even more confident that there will be a strong explosion for this coin. Many people probably still remember the Fake News in September 2021. Could that have been Fake News! Or was it true news released early? Will that scenario become reality now, or will another big news be announced? I don't know. But I think there will soon be a convergence between LTC's technical chart and news from the media. Patience and waiting, we will soon see what will be seen.
Best Regards,
Best Regards,