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Ethereum continues to climb against Litecoin. When it gets too high the move might be to trade out of ETH and into LTC.
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 ...
inv head and shoulder
bullish divergence ond aily
eth to 1k
ltc will go down now
Fib levels easily accommodates breakout from squeeze after weekend, correction seems likely (do I have the lingo down now?).
Change LTC for ETH this weekend.
Running some back test to see how these 2 coins react to APR...
Using fraction I observe that this might by flipping point of this pair. Not sure, so don't count on it !!!
LTC is better I would say
ETH has been too high for too long.
I would not be surprised if ETH loses it's #2 market cap position on this correction.
If you like ETH and you want more. Get out and wait a few weeks. Or stay in and wait to buy more later.
Under no circumstance should you buy ETH right now. Bad Idea!