TradingView
Vinny10
Jun 7, 2017 8:27 PM

Consolidation Long

Litecoin / United States DollarCoinbase

Description

I like it for a longer term buy. Get in while volatility is low. Looking for this to spike once BTC calms down
Comments
Toothpickle
Historically, LTC moves with BTC. Dailys are very similar. No reason to believe that trend would break. If BTC moves up, LTC moves up, and vice versa.
Vinny10
@Toothpickle, I would disagree. While LTC has consolidated, BTC has continued to move higher. I base my comment on an assumption that pro-crypto traders would buy the alternative when BTC consolidates/goes into distribution phase
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