I want to apologize I made this quick and dirty this morning before running out. Its not pretty but you get the point.
A chart of the ratio of LTC/BTC in log scale and a pitchfork shows a clear overall uptrend. But notice the possible megaphone and what appears to be the ratio being rejected at the second channel top. If the ratio reverses I believe it implies risk off in crypto with BTC outperforming but in an overall asset class downtrend much like gold and silver.
The tricky thing in crypto is that people may rotate from LTC directly to BTC which creates a small "pump" in BTC prices while keeping LTC contained.
This could create a trap for folks so please be cautious.
A chart of the ratio of LTC/BTC in log scale and a pitchfork shows a clear overall uptrend. But notice the possible megaphone and what appears to be the ratio being rejected at the second channel top. If the ratio reverses I believe it implies risk off in crypto with BTC outperforming but in an overall asset class downtrend much like gold and silver.
The tricky thing in crypto is that people may rotate from LTC directly to BTC which creates a small "pump" in BTC prices while keeping LTC contained.
This could create a trap for folks so please be cautious.