LTC price action leading BTC and other cryptos
Other posters have commented on the HnS pattern in BTC and it's possible breakdown below the neckline. I want to point out the HnS pattern in LTC that has already broken down below the neckline. A brief test of the neckline didn't hold for long.
During the 2019 rally, it was pointed out by Charting Man Dan from theChartGuys that LTC was the lead bull. (Verify for yourself by comparing LTC & BTC on the charts.) LTC continued to be the lead bear during the ongoing downtrend. Note how BTC is currently testing the neckline, while LTC has already broken below. LTC price could go down further towards the 330S to set a higher low. This is part of a longer term equilibrium pattern folding out in the crypto space, something that Charting Man Dan has been pointing out for a long time. LTC price action continues to lead all the cryptos. Interesting to see when LTC will bottom out & reverse the trend.
During the 2019 rally, it was pointed out by Charting Man Dan from theChartGuys that LTC was the lead bull. (Verify for yourself by comparing LTC & BTC on the charts.) LTC continued to be the lead bear during the ongoing downtrend. Note how BTC is currently testing the neckline, while LTC has already broken below. LTC price could go down further towards the 330S to set a higher low. This is part of a longer term equilibrium pattern folding out in the crypto space, something that Charting Man Dan has been pointing out for a long time. LTC price action continues to lead all the cryptos. Interesting to see when LTC will bottom out & reverse the trend.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.