#Litecoin & #Bitcoin will see a good week ahead for taking back some bullish territory. I am expecting Litecoin to make moves against the USD EITHER WAY this week; however will LTC move up and independently of BTC?? Historically, no.... BTC moves and LTC typically follows.
We've seen several POS tokens break up while Bitcoin crabs sideways like XTZ and ALGO making 11% moves against their BTC pair.
LTC is currently testing and trying to break upwards above the current consolidation zone. LTC is following a similar pattern of many OG coins in the space. I'll be watching for closing candles above 0.005 level resistance to long which would line up with the major bullish cross on the MACD. Then after a confirmed breakout reducing my some of my LTC position for Satoshis near the 0.0056-0.0059 levels.