Litecoin(LTC) Update : Double Truncation & Double Apex.

16. März 2018

In a recent movement of LTC/BTC, I observed double truncation pattern and double apex pattern(To say 'Double' is may not be a good word in this situation, but is used for emphasize the pattern is repeated.).

In the chart above, Apex pattern was shown after Truncation pattern, and now the LTC is moving towards the 'e' point on the second Apex. As showed in a first Apex, LTC price can be droped a littlebit more than the 'e' point but price will be rising up soon.

* Personal opinion
I think the price of bitcoin in the current cryptocurrency market is working like the stock price index. Frankly, I do not like this situation but the market movement is very strongly related with the bitcoin price and is true. So, when I analize about altcoin I always try to analyze it through Altcoin / BTC charts.