LTCBTC Wedge is the Reversal Pattern needed for Explosive Move!
>>> Litecoin has reached the lowest levels relative to Bitcoin in its History.
>>> Litecoin/ Bitcoin has also broken out of a multi-year downtrend, almost identical to the previous cycle.
>>> LTCBTC Wedge is a very reliable pattern. LTCBTC is finding support in this wedge , suggesting a similar pivotal point is approaching.
>>> The Pivot Trade:: This is one of the best, if not the best swing trades present in the cryptocurrency. Focusing on the LTC/ BTC Ratio is key for understanding this trade.
>>> Since the start of 2017, Litecoin’s 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with other factors suggest a high probability of an upwards move.
Hold the Line.
>>> Due to the the 500-700x returns possible if the same pattern repeats. This provides a great option to diversify your trades. Every other stock and crypto seems to be in the red. Falling against the US dollar in the short term. This is the reason why a Ratio Trade provides the best Reward to Risk profile in the Market.
Goodluck Chaps. Have a longer break down on my YouTube channel FortunaAlgoAnalytics. Will post a recorded one here soon.
