Litecoin Signal Shines, Suggests Downtrend Against Bitcoin Is Over

Litecoin is trading at around $200… still. The Bear

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Market, Can’t Catch A Spark

Few coins have had as difficult of a time recovering since the last bull market as Litecoin has. The only other Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin

’s parent company Ripple is locked in a legal battle with the SEC.

Litecoin has no such issue to keep its prices down, yet the Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin

– more than three times its former high.

The rise in Bitcoin but subsequent stagnancy in Litecoin, has caused the LTCBTC on TradingView.com

LTCBTC Reversal: The Sign That Things Could Finally Turn Around For The Altcoin

Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.

» Read more

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>Altcoin

After Litecoin peaked, it spend nine full months in a downtrend against Bitcoin until a TD 9 signal appeared. The Bear

Bear market is defined as a decreasing set of prices for various types of assets. A bearish investor wants to profit from the movement of dropping prices. You can think of a bear, swinging his big paw downward on the investment, crushing prices.

» Read more

‘ href=”https://www.newsbtc.com/dictionary/bear/”>bear

market bounce, the LTCBTC on TradingView.com

The TD 13 has also appeared on even more powerful timeframes, such as the LTCBTC quarterly represented in the chart above.

Related Reading | Five Signs Litecoin Has Bottomed, Next In Line For New ATH

Zoomed in even further for the chart below, there’s even a TD 9 within the past week on daily timeframes.

A less powerful TD 9 on daily timeframes may have kicked off the turning point | Source: LTCBTC on TradingView.com

Both a TD 9 and TD 13 signal suggest a trend is reaching a point of exhaustion, and due to turn around. And it already has since the daily TD 9 triggered.

The LTCBTC pair is now higher, and there’s green forming in a sea of red finally. If the tides finally turn, and Bitcoin maintains relatively high prices, the cost per Litecoin could explode as it finally plays catch up with the likes of its digital gold counterpart, Ethereum, and the rest of the Altcoin

Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.

» Read more

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin

space.

Featured image from Deposit Photos, Charts from TradingView.com

Source: https://www.bitcoinnewsminer.com/litecoin-signal-shines-suggests-downtrend-against-bitcoin-is-over/