LTC BTC descending triangle Short

Litecoin / BitcoinBinance

Description

⋅ Apr 4, 2020 7:01 PM

Hi all.

Yesterday I did BTC USD analysis which shows us that Bitcoin could grow in the following days.

If that prediction will be accurate, then we could see many altcoins lose in correlation with Bitcoin.

We are looking for one of the oldest altcoins - Litecoin. And many people think that Bitcoin and Litecoin moves in the same direction.

But that is false. There is a huge gap in movements between LTC and BTC and we can take advantage of it.

I suggest that you observe both charts to take actions.

Regards

Comments

Crypto_GH

⋅ Apr 4, 2020 7:05 PM

Does anybody really think that Litecoin and BTC moves in the same direction? In that case the chart LTC/BTC would be almost horizontal line. Lol
Otherwise, nice prediction ;)

bloodgood

⋅ Apr 4, 2020 7:10 PM

@Crypto_GH, Yes, unfortunately I had that debate with few members of tradinview last time (in chat). They were positive that LTC is the same as BTC hhah