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TradingShot
Mar 16, 2020 3:51 PM

LTCBTC Maybe ahead of a big sell-off Short

Litecoin / BitcoinPoloniex

Description

Nothing fancy here just a simple comparison of the recent price action with June 2016, when LTCBTC also nose dived after a failed Golden Cross on the 1D chart. The result then was a nearly -70% drop. If the pattern is repeated then the price can decline as low as 0.0025.
Comments
rocabco
It’s not 2016
UnknownUnicorn788630
Look at the last weekly candle of the ratio and the accompanied volume.
Tony_2Trades
If LTCBTC pair is decreasing, would this imply that BTC dominance would then be increasing? I would imagine if BTC dominance is increasing, other majors would generally keep up? Or do you think we are in for another Bear Market Trend with all Crypto moving down over the next few months?
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