With the recent BTC rally this combo predictably deflated over the past 1-2 weeks. Looks like we've finally bottomed out + BTC/USD just broke support in a descending triangle and is starting to fall with the BCC/hard fork FUD Aug 1. This means our resilient friend Litecoin can finally do some heavy lifting and this combo can rise. Great long opportunity once we confirm breakout. Key here is to keep an eye on bitcoin price action, when we see a reversal in BTC would be time to close position/dump LTC. Price target ~.018 but im bullish on it before Aug 1
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3 failed candles on the 2h chart..lots of pennant left though
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Peeking out again this morning...BTC still has a lot of downward momentum eyes are peeled!
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DMI finally crossed on the 2h I'm calling this confirmed although shallower than it looks here. With the downward BTC momentum were looking good here!
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