3 days ago • Posted by Jasper Lawler
Litecoin to return from the dead? Relative strength to Bitcoin shows big promise
Bullish technicals on the LTCBTC trading pair are indicating a massive move against Bitcoin.
If a full turnaround starts now, a perfected TD 13 countdown marked the bottom with incredible precision. Supporting a major reversal on the altcoin ratio against Bitcoin, the monthly Stochastic indicator has crossed upward after spending two years in the bottom range. Coinciding with the crossover, the monthly Relative Strength Index has fallen back to touch a support level that wasn’t tapped since 2015.
Turning upward the last time in early 2017, took Litecoin to its current all-time high. After holding onto the top ten like a champ, it could finally be time for digital silver to shine.