Will a similar structure produce a similar outcome? the monthly shows we are still a couple candles away from a potential resistance breakout.. 2024 should be an interesting year for baby brother to btc
Comment:
perfect rejection off major resistance and solid bounce at crucial support. It's looking like once the monthly march candle opens things should get interesting.
Comment:
as expected litecoin broke free from the 3 year long wedge and started its quest upward. Taking a quick look at the ltc/btc ratio it would seem we still have some more work to do before litecoin can really starts cooking. the ratio is also in a 10 year long wedge being suppressed. breaking out is going to really kick off the fireworks. i suspect the may monthly candle to be the key to litecoin's price divergence from btc and play catch up.