Mt.BFX

LTC & BTC Multi-Idea

OKCOIN:LTCUSD   Litecoin / U.S. Dollar
I'm not convinced that BTCUSD             has finished shaking everyone out before it continues trend, it may not dip so low but I think it will dip below 540. Same goes for LTCUSD             but 3.335 would be a hard stop for the litecoin.

With LTCUSD             retaining its value and BTCUSD             losing more value, LTCBTC             pair will likely return to mean approximately the same price it was before BTCUSD             rallied.

There is Bullish Divergence on LTCBTC             and OBVs for all 3 correlate with predicted price action. BTCUSD             and LTCUSD             are still long term bullish , there's no indication as of yet that they aren't.
Mt.BFX veryevilone
Reply
Great work. I'm not sure about another shake out happening but I am confident that LTCBTC will indeed diverge soon.
+1 Reply
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