Litecoin vs Bitcoin Chart Analysis

23 нояб. 2022 г.

I just remembered that my friend mprspartan1 asked me about Litecoin vs Bitcoin (LTCBTC)... Is this a real move?

Yes, it is very real based on the chart technicals.

The low was set June 2022 followed by a strong breakout and consolidation before additional growth.

Think of Dogecoin, both vs Tether and vs Bitcoin...
This is exactly what Litecoin is going through and exactly what we will see happening with other major Altcoins one by one.

It is interesting to note that Litecoin (LTCBTC) hit its highest level since September 2021.

This is a great/positive signal for the other BTC pairs.
What one does, the rest tends to follow and we already saw how Dogecoin behaved.
And by the way, this also signals that the Bitcoin bottom is getting really, really close...

Now, in my opinion, this is not good to trade.
We have to look for the pairs BEFORE the breakout, buy and hold and then let the market take care of the rest.

Thanks a lot for your continued support; all of you.
Thanks a lot for reading.

I love you.
Forever & ever.
And I am always wishing the best.

Namaste.