Even though I maintain a neutral position on LTC/BTC at the moment, many fractal expressions emerging on the weekly chart. Fractal expressions are frequently overlooked and often dismissed. Don't execute on this logic alone but certainly should be considered for planning a strategy.
The first circle you are drawing is when BTC was already reaching ATH's, it actually only went down in ratio when BTC started to uptrend after having it's 65usd dip/correction. imo we have just had that dip/correction @ 276usd and it took us twice as long to get there. I wouldn't be surprised if we go into another long downtrend for ltc/btc reaching as low as 0.00499 to stop on the feb spike of 2012. LTC tends to spike when BTC has already reached ATH's and I believe we are just halfway for BTC and could see another 10-11months of slow uptrend before we go into another -bubble- consolidation at 1000USD BTC will be a good time to buy ltc on the ltc/btc market, I could see a huge buy-in at that period but not sooner. If we get to 1000usd for consolidation sooner than I still believe this will be the period ltc/btc will attract buyers.
DanielOrtiz0f
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It's funny that you say that, I re did my chart to give it a log scale, and have ltc/btc going down to .0005 before it goes back up. I can't figure out how to update my idea with the newer chart though.
NightWish1
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I guess you mean 0.005 not 0.0005 :P As far as I know you can not update your graphs, you need to post another one. I've been eyeballing 0.00505 for weeks now ;)
dzito74
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Looks like we weren't too far off the .0005 mark. ;-D
UnknownUnicorn59736
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You can take a 'snap shot' of your revised chart on the chart editor (bottom right camera button) Then attach it to a comment in 'this' section. For example...
i agree with your idea, but i think reaching (the bottom of) 0.009 would be enough to stop the downtrend and initiate another spike up again.. but we will see...
DanielOrtiz0f
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Here's my updated LTC/BTC chart in a log scale.
DanielOrtiz0f
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Ok, cool, i'll try it again.
UnknownUnicorn59736
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You got it :)
DanielOrtiz0f
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well....almost. The price going down to .005 is cut off, but I'm sure everyone gets the idea. Thanks for the help.