NOTE: We’re at or beyond breakout levels for BTC and most large altcoins, though some are moving faster than others and they keep pulling back price after spiking it higher (even ETC though that has appeared the most legit breakout so far)
Now it’s LTC’s turn in the rotation and we shared the bullish pattern a few days back (shown again below for refernce). We’re still in an environment where taking profits on good size moves up make sense so keep that in mind.
The bigger question we’re watching closely is how these altcoin breakouts are performing against BTC — because even if we’re headed into a bullish wave cycle it doesn’t mean BTC and all the large altcoins will stay in sync so we want to build the strongest case possible for any positions we hodl other than BTC.
LTC has looked like it was going to the moon before vs BTC, only to crash much harder — but as of now the chart is looking bullish–so we now add LTC to the list of “must watch” coins along with XRP. Let’s see if the target gets met or if something else is going on….
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