Today we will talk about cryptocurrencies, specifically LTCBTC pair.
Bitcoin Dominance chart is still in the uptrend and there's room for more gains, so most of XXX/BTC crosses may stay under bearish pressure.
Looking at the LTCBTC, we are tracking a five-wave cycle into the final 5th wave, so we see room for more weakness after that slowdown in sub-wave (iv), so be aware of a bearish continuation into wave (v) of »v« of 5 towards 0.0040 – 0.0035 area and this is where LTCBTC may potentially found the bottom.
LTCBTC, Daily
(Click on image to enlarge)
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