nagihatoum

BTC to LTC ratio and BTC dominance in reversal

Satış
In my previous idea below, I postulated that a similar fractals is being repeated right now to that around BTC ATH 2018.Currently the RSI of the ratio broke down from an ascending triangle, as it did before around the 2018 ATH which resulted in the BTC to LTC ratio plummeting.

If the BTC/LTC ratio fractal plays out like before, LTC price will rise while BTC will lag behind it, making LTC a better investment opportunity. Consider the scenario where the ratio drops to 44 and LTC price rises to $300, BTC price will only reach 13.2k. This scenario is what I currently believe will happen by the end of the year. It may also be possible that LTC reaches $500 in December, making BTC surpass ATH 2018.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.