Something very interesting happened today. It looked like the ratio was retesting the bear flag, but it pierced through it to the upper resistance line, only to fall out of the bear flag.
It looks now that the ratio has been rejected by the bear flag and the ratio is resuming its descent down. If this is the case, then the recent LTCUSD dump can be inorganic and the dump will be reversed.
There is a very big bearish divergence in the RSI, supporting the idea that ratio will continue falling.
Looking at the BTC to LTC ratio is clearer for me than looking at the its inverse, the LTCBTC pair. Maybe it is psychological.
To be seen.
It looks now that the ratio has been rejected by the bear flag and the ratio is resuming its descent down. If this is the case, then the recent LTCUSD dump can be inorganic and the dump will be reversed.
There is a very big bearish divergence in the RSI, supporting the idea that ratio will continue falling.
Looking at the BTC to LTC ratio is clearer for me than looking at the its inverse, the LTCBTC pair. Maybe it is psychological.
To be seen.
