LTC - price action in correlation with BTC-USD/LTC-USD ratio
Notice 2 different type of correlation on this charts.
First one is from previous bull market where you can see how BTC outperform LTC, but once LTC gain some strength Bitcoin is unable to keep up with it.
Also notice how LTC price lagging for ratio and where LTC reach its previous top.
Second situation is where ratio reach upper boundary (LTC bottom, this was bear market rally which surprise everyone with its strength) and reverse.
Notice where LTC reached its top in this situation.
Third and present situation is current bull run and it undoubtedly reminiscent of first case and previous bull cycle.
Keep an eye on this ratio, set up some alerts and watch. Once LTC break this channel it will be much better to switch more heavily into LTC.
First one is from previous bull market where you can see how BTC outperform LTC, but once LTC gain some strength Bitcoin is unable to keep up with it.
Also notice how LTC price lagging for ratio and where LTC reach its previous top.
Second situation is where ratio reach upper boundary (LTC bottom, this was bear market rally which surprise everyone with its strength) and reverse.
Notice where LTC reached its top in this situation.
Third and present situation is current bull run and it undoubtedly reminiscent of first case and previous bull cycle.
Keep an eye on this ratio, set up some alerts and watch. Once LTC break this channel it will be much better to switch more heavily into LTC.
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