Litecoin to Bitcoin Ratio

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LiteCoin to Bitcoin Ratio – LTC/BTC

The general sentiment is that LTC is ready to move up again. If so that means BTC should do well too, and based on yesterday’s chart that seems plausible. The LTC/BTC ratio is continuing to show signs of the last bull market. If so then the 3 green rectangles are the potential stopping points. They line up well with the the FIB extension too. Price is currently right up against the top of that wedge. Therefore there is no point on placing a long until the level is broken.

 

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May 26 2016

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