So unless anyone hasn't noticed, Bitcoin broke out of a massive bear triangle at $450 two weeks ago and sparked this gigantic rally that we are all enjoying today (unless you sold at the bottom). However, Litecoin has yet to breakout of it's own bear trend, and historically, it is always late to do so. So I spent some time charting this today and discovered that LTC and specifically LTC\BTC is primed to explode. As the cycle continues, attention will be moving to alt-coins in the next few weeks as people who "missed the boat" on Bitcoin look for other alternatives. Additionally, people who are invested with Bitcoin look for and learn for things to do with them, and more often than not they find alt-coins. Even if it doesn't happen for a few more days, it certainly is something that I am keeping an eye on.
And for those who are asking, on this scale I used RSI and RMI because other indicators get a bit... schizophrenic at this timescale.
And for those who are asking, on this scale I used RSI and RMI because other indicators get a bit... schizophrenic at this timescale.