Ignore LTCBTC Pair
I am now disregarding the LTCBTC pair. The Chinese took over LTCUSD quite a while ago. They trade LTCCNY not LTCBTC. This pair used to mean something, but I think it's irrelevant now.
This is in contrast to a crypto like ETHBTC. The majority of that volume is in ETHBTC and not ETHUSD. Therefore you should ignore the ETHUSD pair as well.
These low volume cousins LTCBTC and ETHUSD are just shadows of the true market value. If you try to chart them, they will disappoint you. If BTCUSD goes to $3000, LTCUSD could be $15. And that ratio would be .005
We will focus our attention on LTCUSD now.
This is in contrast to a crypto like ETHBTC. The majority of that volume is in ETHBTC and not ETHUSD. Therefore you should ignore the ETHUSD pair as well.
These low volume cousins LTCBTC and ETHUSD are just shadows of the true market value. If you try to chart them, they will disappoint you. If BTCUSD goes to $3000, LTCUSD could be $15. And that ratio would be .005
We will focus our attention on LTCUSD now.
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