Litecoin is at the lowest levels relative to Bitcoin in its History. The double bottom formation, is creating a great set up for the reversal. Long Litecoin.
Litecoin has also broken out of a multi-year downtrend. Found support, hold on Ladies and Gents.
Litecoin has also broken out of a multi-year downtrend. Found support, hold on Ladies and Gents.
Nota
This is one of the best swing trades present in the cryptocurrency market at Present. Focusing on the LTC/BTC Ratio, Technical Analysis and the Ratios History.I believe we are seeing the building of an ideal Long litecoin against Bitcoin swing trade. Examining the daily candles, we are seeing continuous strong green candles. I believe that this is a great consolidation zone to accumulate litecoin.
Although not financial advice, the way I have undertaken this trade is using Binance cross 3x LTC/ BTC. This is one of my strongest conviction swing trades at present. I believe the underlying risk to the downside is limited due to a historically favourable ratio range. With large upside if this trade performs similar to the past, the High reward and relatively low-mid risk has entered a favourable entry zone.
Nota
Currently watching the LTC/BTC ratio test the 50 Day SMA as support. If confirmed a rapid rally to the upside on the Horizon. The 50 Day SMA is curing upwards, been a promising signal in recent history.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.