btc_joe
Long

LTC/BTC break out?

BTCE:LTCBTC   Litecoin / Bitcoin
901 3 9
Support found finally? This may break upwards and drag btc along.
Comment:
LTC/BTC moving sideways out of downtrend?
While this looks bearish at the moment, don't be fooled...check out this massive triangle on okcoin ltc/cny: http://imgur.com/hr1hsZV ...don't be surprised if we get a massive green candle any day now. Which will get ltc/btc going. Of course I could be wrong, but we'll see. Still bullish. Price around .00765 at the moment, under key support around .0079-.008, but until this week closes real bearish, bullish picture is still alive.
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Boom: http://imgur.com/Nkls9yn ...this could be it. LTC/BTC shot up to above .008...strong resistance here. We have to get above this level for a while but this is a good sign.
+1 Reply
If and when ltc closes above 23 cny (on okcoin) on strong volume...watch out!! http://imgur.com/z7ZbQ4z
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