TradingView
DigitalRevolutionPhase5
Mar 6, 2024 6:49 AM

LTC/BTC is looking weak  

BINANCE:LTCBTC240
Litecoin / BitcoinBinance

Description

⋅
After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair.

Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.

I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄

Maybe we have to run out of BTC first in order for LTC/BTC pair to start appreciating 🤔

Comment

⋅
It doesn't mean that LTC against usd will go down. Most likely will go up, but BTC will dominate alts in the near future, except for dogecoin

Comment

⋅
I will update once the current weekly candle closes on this pair in around 4 days.
Trend AnalysisChart PatternsTechnical Indicators
Comments
eddawwww
⋅
It’s very demoralizing. I really feel like it’s a trick, for various reasons but one is that LTCUSD is going up. I feel we will get a mega pump at some point, and then LTCBTC had to turn around. It’s been in a ridiculous downtrend forever
DigitalRevolutionPhase5
⋅
@eddawwww, hahahah I know right? Usually when we start seeing a downtrend, that's when it goes up.

AKA, since I'm seeing a downtrend, it's time to stack up 😆
More