LITECOIN The leading indicator for BITCOIN?

Jul 31, 2020

I've published the very same pattern back in December 2018 when the previous Bear Market was at its lows and while everyone was panicking, called for a potential Bottom on Bitcoin and a Bull Run to follow.

Why? Simply because of the Litecoin break-out relative to BTC. As you see on this very simple chart, every time the LTCBTC pair breaks its Lower Highs trend-line (blue line), Bitcoin initiates a new Bull Run. Out of the past 4 occurences, only once failed to delivered a new BTC bull run, and rightly so as it happened at the top of Bitcoin's Bull Cycle (whoever bought near 20k was responsible for their actions).

Are you waiting for this break-out to take place on LTCBTC? Feel free to share your work and let me know in the comments section!

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