ridethepig | LTC Market Commentary 2020.02.19

COINBASE:LTCUSD   Litecoin / U.S. Dollar
I saw inflows from large hands in LTC yesterday. I still have a bias to trade it from the long LTCUSD side and expected outperformance of LTC against peers like XRP and ETH as the BTC tide continues to rise. In the medium term a test of $137.x looks a done deal, next area to cover is $93.x which should also come into focus this Month.

A flawless breakout so far, textbook example of how to trade a swing:

On the BTC side, central banks co-ordinated easing this late in the cycle is putting the entire treasury curve behind inflation ... it is a question of 'when' $13,000 will be tested rather than if...

Thanks and good luck!


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