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
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Looks like we have bottomed here. I'll update my forecast.
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.
AndreyDrogal
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Hello! Do you have minds about ltcbtc ratio for now? Thanks!
IvanLabrie
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I think we have hit rock bottom. I'll post an updated chart.
noto1235
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been thinking the same waiting for an update thanks
IvanLabrie
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There's still some time left for BTC to drop, I expect LTC and other altcoins to outperform it while the downtrend lasts.
nimbus
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seems ETH and ETC are eating up LTC's market cap.
IvanLabrie
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Indeed, ETC is absolutely messed up though, don't expect that to last.
nimbus
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Thanks for your reply, I've just posted my idea towards ltc/btc as following link.
tradingview.com/v/A7MdfAW4/ Hope to hear your comments about ltc/btc pair.
IvanLabrie
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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!