LTC/BTC Price Analysis & Short Term Projection
Updated
Hello Everyone!
I've also been doing analysis on the
LTCBTC however, most of us are trying to grow the amount of BTC we own. Here is a quick analysis of the LTCBTC pairing:
Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish onBTC (myself included), I believe LTCBTC still has to show price holding to get the proper buy conditions.
SinceLTCBTC has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met.
I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
I've also been doing analysis on the
LTCBTC however, most of us are trying to grow the amount of BTC we own. Here is a quick analysis of the LTCBTC pairing:Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on
BTC (myself included), I believe LTCBTC still has to show price holding to get the proper buy conditions.Since
LTCBTC has entered the 230 containment zone and is currently holding support at the bottom, I do expect a short term mean reversion to approximately 1065 sats once buy conditions have been met.I will continue to update this pairing.
DISCLAIMER: This information is for reference only and is NOT financial advice.
Trade active
23cci rolled up and price has moved towards the mean. I'm actually updating the target to around 9000 sats.Trade closed: target reached
Target reached
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