BTC to LTC ratio daily close points to Start of Alts Season
Daily close in 6 hours and the BTC to LTC ratio brokedown from its midterm ascending channel by 4%. Daily close below the channel will confirm a change in trend of the ratio down. A downward ratio trend means That LTC will outperform BTC, it will pump harder and it will dump less.
However there is a very big bullish divergence on the lower time frame that has buildi up for two days. The ratio might jump back into the channel or just retest the trendline. Complete change in ratio trend will be confirmed in the following days.
However there is a very big bullish divergence on the lower time frame that has buildi up for two days. The ratio might jump back into the channel or just retest the trendline. Complete change in ratio trend will be confirmed in the following days.
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