nagihatoum

LTCBTC Big volatility expected

BITFINEX:LTCBTC   Litecoin / Bitcoin
The highly unpredictable LTCBTC is set to have high volatility due to the completion of a very large bullish butterfly pattern, however LTCBTC must drop to 5334 mBTC for the pattern to complete. Currently price action under a descending trendline, if this trendline is broken with volume then a big move is expected upward without the completion of the harmonic pattern. Targets are not know but I expect ATH or more as LTCBTC has been able to make such big moves in the past. The implication of such big upward move is that LTCUSD will outperform BTCUSD as in previous ALT seasons.

Feragatname

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