Might break up, might break down. Classic TA calls for a break up with a measured move that will retest the mid term channel (black trend line) that price action fell out of. Elliot wave theory shows a 3 wave ABC correction with 1:1 scale that has completed.
The RSI is in a rising wedge so the drop is confirmed, but the RSI does not give any clue if there is a direct break up or breakdown of the price action. If anybody has an indicator or a method that can give a clue about the breakout of such a setup, please share in the comment section.
The BTC to LTC ratio is the inverse of the LTCBTC pair. So this analysis is useful if you trade LTCBTC, just in reverse.
The RSI is in a rising wedge so the drop is confirmed, but the RSI does not give any clue if there is a direct break up or breakdown of the price action. If anybody has an indicator or a method that can give a clue about the breakout of such a setup, please share in the comment section.
The BTC to LTC ratio is the inverse of the LTCBTC pair. So this analysis is useful if you trade LTCBTC, just in reverse.
