LTC has been under the influence of the same downtrend its whole life and is now close to breaking thru - This would allow the BTC price to double and the dollar price probably more - LTC candles need to hold the blue 1x1 fib ray and break thru the dotted line for this to happen - If it breaks thru expect as high as 0.036
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Breakout from 4 year downtrend against BTC
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Daily candles have closed and opened beneath the 61.80% fib so it looks like we are going to continue down today - The candles need to hold support at the blue band for LTC to stay bullish
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LTC candles need to rejoin the blue band uptrend before moving higher against BTC, this is normal after breaking a downtrend like has just happened - 0.0185-0.0195 should hold
Komentarz:
The price needs to come down to rejoin the uptrend it broke out from - 0.0182-0.0187 should be a good buy zone - I would expect more upside from LTC after regaining the uptrend
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Ltc next move
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Close view
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Ltc running to plan - Re touched the uptrend after breaking the downtrend
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The dollar market may be getting trashed but this Ltc/Btc chart still runs - The candles have rejoined the uptrend after breaking the downtrend
