benji13
Long

LTCBTC Technical Analysis For Next Alt Season

BITTREX:LTCBTC   Litecoin / Bitcoin
This chart is done on a logarithmic scale in stead of linear so the proportions looks weird because they are percent based instead of counting linearly, that way I could pack the fib on the chart a lot easier.
LTC has found support here in the yellow zone. I expect price to stay stable inside the yellow zone until Bitcoin has a good correction in Nov.-Dec. which I then wouldn't be surprised if price broke down to the blue 'Demand Zone'. With good news surrounding atomic swaps I don't expect us to drop to the bottom of blue 'Demand Zone', but rather I expect that we bounce from the yellow zone I drew inside the 'Demand Zone'.
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