Looking at pair LTC/BTC we can spot an amazing opportunity. Litecoin basically floored at 3260 satoshis which the lowest it's been in over 3 years. We can see it is forming a nice cup and handle pattern with the upper resistance line creating the neckline of the pattern. A break above 5000-5300 satoshis (weekly resistance) would result in price going back to 7000+ satoshi.
Next thing we can see is price moving above the 200 day EMA (red line) which is bullish. We are now retesting the 200EMA... .
With Bitcoin dominance falling lower I can see LTC/BTC growing massively. Volume is kicking in, let's see what happens.
Not financial advice , just sharing my opinion.
Next thing we can see is price moving above the 200 day EMA (red line) which is bullish. We are now retesting the 200EMA... .
With Bitcoin dominance falling lower I can see LTC/BTC growing massively. Volume is kicking in, let's see what happens.
Not financial advice , just sharing my opinion.