Litecoin Analysis $LTCBTC Trading Pair @Poloniex - 4 Hour Chart (6/21/17)
Litecoin/Bitcoin Chart:
https://jp.tradingview.com/x/eiTYwCo9/
TL;DR Go long under 0.0165
Analysis:
Greetings! Still looking for that 'U' shape as Litecoin tests the long term trend line (purple dots) on the way to higher highs. The breakout above 0.0165 looks clean for now. If this candle closes above 0.0165 I'd anticipate it to go higher. An update to the $BTCUSD 4HR chart shows Bitcoin going sideways for a bit. I drew the formation I think might play out over the next two days. How this relates to $LTC, I think $BTCUSD should continue to slowly make gains giving $LTCBTC room to grow.
Bitcoin/USD Chart:
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