Evening Traders,
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence...
Hi all
Papertrading: Grayscale bought BTC, bought ETH, whats next?
They show their interest in here: grayscale.co
Why do I buy versus ETH ? Just because the growth is the biggest according to my point of view
Safe trades
Value vs. ETH has tanked...should have waited a couple of days to get a better exchange value, but I stand by my decision...Better to be holding things like BTC and ETH, though at times I can imagine myself holding LTC for a trade, and I have already done it once since selling long term holdings. Will probably do it again at some point, but only for a short duration.
Waiting for resistance line to be broken.Matter of time I suppose,long time took creation this dominance .Solid amount of buyers also required to push the price higher.Lets talk to your gardener,haha.Just joking,maybe someone would smile.Thats good :)
Could possibly give a good profit.Howgh.
It looks like from June to Dec 2017 that LTC outperformed ETH as the LTC:ETH ration went from 0.1 to 0.6. The ratio is now 0.1167 and is bottoming. I suspect when ETH passes $1420 soon, then it's moonshot after will pull a lot of alts up with it including LTC. LTC has a smaller market cap $10 B versus $144 B for ETH. Thus it should take much less fiat to move...
Buying LTC near the lows of this range could be a great opportunity for anyone wishing to make more ETH. BTC topping out could be a catalyst for large gains in LTC vs. ETH as any retracement in BTC is likely to negatively affect ETH's USD value more than that of most altcoins. An ideal entry would be to buy a reclaim of the lows after capitulation.
No, I'm not telling you that LTC will outperform ETH, the chart is telling us that...I would be cautious about converting ETH to LTC myself, but it does mean that if this trend continues, those that have a few too many LTC might consider using this as a means of converting either to BTC or ETH, but maintaining a core position if they think that LTC has a future.
IN the battle of the cryptos, LTCETH is showing early signs of a head and shoulders formation. I am personally long ETH having recently swapped for it from LTC
Not sure how quick. Timing has never been my best skill.
This is based on some experimental research I am working on atm, so be aware. Can't for that reason also not disclose much unfortunately. Basic TA so far using pretty recent levels from late November.
Happy to read TA from others pointing at the same.
Happy trading!
Historically, it looks like we've bottomed out, but this time is a bit different. The bottom pattern is taking much longer to form than previous touchbacks. If it holds above support, I expect to see a breakout year -- at least compared to ETH anyway. If it cannot hold the line, then LTC will be destroyed. Either way, the train is leaving the station soon. ...
