LiteCoin Bitcoin

Litecoin (LTC)

1 View

Click To Enlarge



Though the LTC:USD pair tends to move with the price of BTC:USD, the LTC:BTC pair does not. It has been getting pummeled through out this Bitcoin bull market. The 2 horizontal yellow rectangles are the only times LTC:BTC has had a 100% retrace of a large scale move. The price is falling back into the support zone. However, considering LTC’s recent history it may only have a small bounce before making new lows.

The trade is waiting for the price of BTC to top out and then play the bullish LTC:BTC waves upwards. One could take a small position inside this box the price is selling into now, but the week is far from over and caution should be advised with BTC:USD breaking above resistance from the last sell off.

Charts are powered by the SCMR Analysis Suite on

June 30th, 2016

Leave a comment

three × 4 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Altcoin Exchange

Trade Crypto, Forex, Commodities and more

Charting Tool