After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less. It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a...
RSI and MACD are both diverging at oversold levels. LTC/USD is ready to move as well making this the perfect storm for LTC.
OK, i checked the last chart of LTCBTC, BTCUSD an LTCUSD and find simmiliar scenario as today. LTCBTC was on downtrend even the BTCUSD gained 50% and LTCUSD just maybe 5% the ratio went down to 0.01831 when BTC sellers started taking profits and maybe more of them switched to LTC so they could gain another 40%...very smart. there was no darkcoin, no asics on...
The LTCBTC trade, or as I like to call it: The Litecoin to Bitcoin Ratio Trade, has been a part of the crypto currency market since October 2011. During that time Litecoin has traded from a low of 0.00041 in January 2012 (1BTC = 2439.02LTC) to a high of 0.05198 during the peak of the last parabolic boom cycle (1BTC = 19.23LTC). This volatility should be viewed by...