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PolarHusk
Mar 11, 2020 12:13 PM

LTC/BTC TA Update (Must Hold Important Support) Long

Litecoin / BitcoinBinance

Description

LTC/BTC

LTC is on a deep correction but still respecting this bullish descending channel which by probabilities should break to the upside.
The price inching closer to 0.768 Fib and previous resistance area which has the potential to become new support if this pattern breaks to the upside.
The RSI is still painting lower lows and lower highs, we still can not see strength from the bulls. Bearish side if 6000 sats breaks, there will be no support until 5500 sats level.
This is the game where patient bulls win the game.
Comments
transparent-fx
looks like a pair worth following, this is what I have marked up lately on LTCUSD
ProjectSyndicate
good deal. I like that.
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