Litecoin / Bitcoin - Midterm Outlook on LTC/BTC
Hello traders! Today we take a look at Litecoin / Bitcoin pairing.
Over the past 24 hours we have a seen a mighty push off the majors in the Crypto Markets. Litecoin being one to lead the way as of recent. Currently we have a few areas to pay attention too
- A confirmed S/R Flip via our Weekly Highs will give confirmation for the bulls for another leg up towards our Weekly S/R level.
- A run towards our Weekly S/R level will give the bulls an opportunity to break through and target our EQ & possibly our Range high in the midterm.
- Unless the bulls can break this Weekly Range high, overall market is still bearish until proven otherwise. A break and close above our upper Weekly level will give a shift in bias within the markets for a bullish run.
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Over the past 24 hours we have a seen a mighty push off the majors in the Crypto Markets. Litecoin being one to lead the way as of recent. Currently we have a few areas to pay attention too
- A confirmed S/R Flip via our Weekly Highs will give confirmation for the bulls for another leg up towards our Weekly S/R level.
- A run towards our Weekly S/R level will give the bulls an opportunity to break through and target our EQ & possibly our Range high in the midterm.
- Unless the bulls can break this Weekly Range high, overall market is still bearish until proven otherwise. A break and close above our upper Weekly level will give a shift in bias within the markets for a bullish run.
Twitter - Telegram
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