mattcook

LTC | higher value relative to USD & BTC|Coiled & Base is built

Long
POLONIEX:LTCBTC   Litecoin / Bitcoin
LTC has been pretty consistent and we're seeing the rotation into LTC that typically happens after a BTC move. The cycles have been consistent but it looks like LTC wants a higher ratio to BTC based on volume profile. This tells me that LTC could have significant upside moving forward. Not only is USD, but more importantly we can see the technical upgrades priced into the BTC pair with higher low volume nodes on the volume profile.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.