IvanLabrie

LTCBTC: LTC might outperform Bitcoin

BTCE:LTCBTC   Litecoin / Bitcoin
1417 15 23
Analysis on chart.
On average rallies have been sizeable, in the order of 1384% per weekly leg, while corrections have been around 80-90% overall.
It's possible that the advance in Litecoin vs Bitcoin isn't done and that Bitcoin will tank while LTC             will either stay flat or go up.
If we see new highs in rgmov, above the resistance to the left, we will surely get good long opportunities for this instrument.
Keep in mind the volume spike on chart is the biggest one since Litecoin's inception.
Will update with any clear entry I find.

Good luck,

Ivan
Comment: Looks like we have bottomed here. I'll update my forecast.
Any update for an entry?
Reply
The landscape changed with the introduction of ETH. I see both btc and ltc are really tied together, not looking good for any of them.
LTC isn't outperforming BTC like I expected.
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yen21 IvanLabrie
Thanks for response.I was actually thinking the same since btc crashed,but i needed to be confirm. I am in with ETH
+1 Reply
Smart man.
The target is 0.009 roughly, unless we move back under 0.00463 before hitting it.
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Hello! Do you have minds about ltcbtc ratio for now? Thanks!
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IvanLabrie PRO AndreyDrogal
I think we have hit rock bottom. I'll post an updated chart.
+2 Reply
noto1235 IvanLabrie
been thinking the same waiting for an update thanks
Reply
There's still some time left for BTC to drop, I expect LTC and other altcoins to outperform it while the downtrend lasts.
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nimbus IvanLabrie
seems ETH and ETC are eating up LTC's market cap.
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Indeed, ETC is absolutely messed up though, don't expect that to last.
+1 Reply
nimbus IvanLabrie
Thanks for your reply, I've just posted my idea towards ltc/btc as following link.
LTCBTC

Hope to hear your comments about ltc/btc pair.
Reply
It's very slow right now, more like a slow grind. I'll update it later today.
I'll leave a comment in your chart as well.
Cheers!
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nimbus IvanLabrie
Hoping to see your updates.
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Hello! Any ideas about LTCBTC now?
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IvanLabrie PRO AndreyDrogal
Most crypto pairs became too illiquid to trade.
I'm not following any outside of BTCCNY and GBTC (the etf).
Odds of each trade are low with low liquidity.
Reply
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