TheChartGuys

LTC 4 Hour Equilibrium Following BTC

COINBASE:LTCUSD   Litecoin / Dollar
Same setup with a strong correlation to BTC             .
Watching for a break of this pattern to dictate momentum as we head into the New Year.
Without news it will be up to BTC             to determine the direction of the break and we are just patiently sitting on our hands if not already in a position.
Over trading in this environment will be easy to add up some small losses due to lack of volatility and movement.
Risk/reward usually greater in LTC than BTC             as we see bigger reactions to the breaks when they do occur.
Make sure there is a bull break with BTC             and not just LTC when it does occur,
as it is possible to see a fake out if BTC             does not follow and stays within the pattern.
Good analysis, but we just broke the triangle.

.png' width='800' alt='LTC ready for breakout! But which way?'>
Balas
Looks like BTC is running away
Balas
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