Hello, dear subscribers!
Today we are going to consider the LTCBTC potential price movements.
The price bounced off the CPR central level and the BC pivot level. The R1 pivot level ($104) have been broken and now the price is testing the R2 level ($120). If it will break up this level it is likely to see the $164 price of LTC.
The yellow line demonstrates the BTC price pattern which is almost the similar as the LTCUSDT price pattern. It means the high correlation between these two assets and the BTC price affects on the LTC price. We need to observe the BTC price to do the quality analysis for the LTC. But there is an advantage of investing money in LTC but not in BTC. You can see that the LTC price grew up by almost 70%, while the BTC price increase is near 35%.
Today we are going to consider the LTCBTC potential price movements.
The price bounced off the CPR central level and the BC pivot level. The R1 pivot level ($104) have been broken and now the price is testing the R2 level ($120). If it will break up this level it is likely to see the $164 price of LTC.
The yellow line demonstrates the BTC price pattern which is almost the similar as the LTCUSDT price pattern. It means the high correlation between these two assets and the BTC price affects on the LTC price. We need to observe the BTC price to do the quality analysis for the LTC. But there is an advantage of investing money in LTC but not in BTC. You can see that the LTC price grew up by almost 70%, while the BTC price increase is near 35%.
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