Hello guys! This is my first topic at new litecointalk.io forum. I want to post my vision for possible LTCBTC trading in 2017. This vision stands only on technical analysis without any fundamental reasons.1. Bullish scenario.https://www.tradingview.com/x/Mel4oCDt2. Bearish scenario.https://www.tradingview.com/x/7qJvnkUi3. Midle scenario.https://www.tradingview.com/x/WSOCLGTD
They seem not much different to me.
This is so, because we are close to the top of the descending triangle. Out of the triangle will be in 2018 or in the end of 2017. This vision stands only on technical analysis without any fundamental reasons.
I think right now LTC/BTC will have more to do with confidence in Litecoin, Development , vision and what BTC does. Also which currencies, traders and holder feel is safe for cashing out BTC gains as it near the highs.
Looks like LTCBTC cant go up more than 0,005 Possible we will never see LTCBTC higher than 0,01
If we can to defend 0,004 btc level for few weeks the bearish trend could reverse. Otherwise ltc go down to the next support lvl at 0,0032 btc
There is only one scenario. That is ... moon
Ha ha ))Hope that pseudoscience will help to choose right decision.This is pseudoscienc too https://www.youtube.com/watch?v=iphcyNWFD10
Strong bearish scenario on the way.First gain - 0,0027 btcSecond gain - 0,002 btcPossible will go up to 0,0058 btc after that.