The ETH/LTC pair is currently showing us Hidden Bearish Divergence at the 1.618 Fibonacci Extension after previously breaking below the trendline, and the next likely level is all the way down at 1.67 as there are no other major support levels to hold once it really starts to break down.
LTCETH first time trying out an ETH trading pair against LTC. As you can see at the daily, RSI has been at the all-time low and LTC may be ready to bounce back up anytime soon. Litecoin has been lagging behind the market so it may be moving up soon, pulling this trade pair up. Good chance to increase my Ether count, and I don't mind holding LTC either. :)
TP1 at...
On the daily chart of ETHLTC, the price has started a new bullish trend after AO divergence. Also, there is a buy signal in a form of a recently formed fractal level.
As a holding pair, it is expected to go up with a positive correlation both for short (within 2 weeks) and long term positions (past few months). Even after the Ethereum updates, Litecoin may expect periods of more stable positive growth due to the fact it is more based off of Bitcoin's infrastructure. Ethereum though is advanced in its own way with smart...
ETH has formed a rising wedge which IF it falls below, it would signal for a reversal.
Watch very closely.
What to do:
IF ETH falls below the line at ~$115 ,wait for a full candle to close for confirmation. Entry should be around $212-213
I will post target levels if the short becomes active.
Likely: IF ETH breaks below the wedge, we could see profits all the...
today was a positive day since midnight. However I think that we will still continue to see consolidation and those who bought the top to exit at these levels.
