ronfkingswanson
Panjang

LTC/BTC entering the thin upper atmosphere, ATH in view

BITFINEX:LTCBTC   Litecoin / Bitcoin
We've been stuck under a local ceiling of 0.02 for almost a year. Ranging sideways, just hopping up and down the levels. But now that the ratio has definitively popped above that ceiling, the obvious question is, "how high can this go?"

Most exchanges open today only have data going back to the highest peaks of 0.033, so that's an obvious resistance level . I would gladly take profits there. But for the old-timers around here, who remember the days of trading LTC on BTC-E (the true home of the chikuns), back in 2013 we hit a peak of 0.05

Now think about all that's happened since the 2013 bubble. All these other alts have hit fresh ATH's, and Litecoin is... just getting started.

So yes, my second sell target is 0.05, but we might have all-new highs this year -- or we might just go back into a hibernation slump like we've done in Litecoin cycle after cycle after cycle.

This is my dusty old historical LTC/BTC chart from BTC-e, which is no more the glorious chikun roost it once was. On this pitchfork , it's not hard to see how new highs could reach the 10% mark for the first time. Would end up right about touching the median...

Perdagangan aktif: multiple descending wedges as we consolidate near 0.02, possible paths to target in 0.033 zone. expecting more drama when price comes up against the orange trendlines
Perdagangan aktif: next leg underway. And no, I'm not saying we *will* reach 0.05 in this series, just that I'm more than happy to sell at 0.033 -- and if it pulls back and goes past, my next sell zone is 0.05. That's what multiple targets are for, folks :P
I guess LTC is still sort of in position?
Balas
Where is LitePay?
Balas
Nice chart. May work if LTC continues to rise even if very slowly or at least stays where it is, and BTC continues to fall fast. Litepay may just give that advantage.

However, 0.05 seems a bit unlikely still, but then anything it possible in the cryptoworld.
Balas
samu0815 doctorkesh
@doctorkesh, there are other Alts which fight against BTC and - compared to BTC - go higher and higher. In the end, the value depends to USD and this ratio is in downtrend.

So you can switch/buy LTC and slow down your loss of value or you simply cash out and hold what you have now ;)
Balas
Komen dibuangkan
Do you think this will happen when Bitcoin eventually comes back up and Litecoin comes back up even better, or will Litecoin hold its dollar value better as Bitcoin continues down? If it's more likely to happen as Bitcoin falls, will the moment when Bitcoin begins rising again have a major impact on the BTC/LTC price? I'd think it would. Litecoin would have used all its fuel to get up before Bitcoin, meaning that Bitcoin rising would only widen the dollar value gap.
+2 Balas
Any update, sir? Still hodling, but my faith needs some support=)
+1 Balas
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