LTCBTC pair had a significant growth recently, breaking above the 2017.05 High (0.022).
During the latest Bitcoin rally, the pair went into correction but stopped above the 23.6% Fibo which coincides with psychological support 0.02.
Despite the rollback below the 0.022 level, the bias looks bullish . Also in bulls favor, the rebound from the 0.02 support and recent uptrend movement was accompanied by high volumes.
If Bitcoin goes into a correction in near time, the Litecoin growth would be logical.
did you think break trend line ?
BitcoinSymphony fadihanafieh
@fadihanafieh, the price still holds above the 0.02 level and trend angle support, so I think the bias stays bullish. Nonetheless, volumes not rising on this levels, hence the correction could go deeper.
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