LTCBTC once again bounced off a trend line against BTC after riding a breakout downward.
This is roughly the fourth time this bounce occurred in the past month and a half. The first two instances triggered good trends for BTC and the last instance signaled the end of the latest retracement. Here is hoping it is a good sign for both BTC and LTC once again.
There is still a possibility for it to fizzle out (like it did somewhat in late February, particularly if BTC takes a dip), but it is also a possibility that it could be leading the trend once again for BTC once again, so I figure it is something to keep an eye on in the case that it continues to rise.
This is roughly the fourth time this bounce occurred in the past month and a half. The first two instances triggered good trends for BTC and the last instance signaled the end of the latest retracement. Here is hoping it is a good sign for both BTC and LTC once again.
There is still a possibility for it to fizzle out (like it did somewhat in late February, particularly if BTC takes a dip), but it is also a possibility that it could be leading the trend once again for BTC once again, so I figure it is something to keep an eye on in the case that it continues to rise.