spookyblackfly

LTC/BTC Breakout Happening NOW

Long
BINANCE:LTCBTC   Litecoin / Bitcoin
The Shorter-term triangle is broken, the longer-term triangle test getting closer and closer to breaking expecting a break within THIS quarter as BTC/dom drops and ETH outperforms BTC massively.

When assets are in or close to price discovery like Litecoin the USD pair becomes irrelevant and the BTC pair becomes way more important. LTC, like many altcoins that are yet to move on the BTC pairs, have a MASSIVE massive year ahead if the market can stay afloat.

Fractal from the last consolidation just before the altcoin season of 2017/18 is very similar to the current consolidation - remember that fractals don't have to be identical to be valid - they just have to ryhme.

Will be expecting further moves up after flipping and consolidation on the orange resistance line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.