Saturday, August 9, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

LTC/BTC has been in a bearish trend for the last five years. Bitcoin’s outperformance is likely to continue.

August 31, 2023
in Analysis
Reading Time: 2 mins read
A A
0

[ad_1]

LTC/BTC has been in a bearish development for the final 5 years
Bitcoin’s outperformance is prone to proceed
A descending triangle retains the bearish bias intact

One of the attention-grabbing markets to commerce are cross pairs. Crosses are much less liquid than main pairs and sometimes transfer in tight ranges. It is a normal rule for the basic foreign money market but in addition legitimate for cryptocurrency.

LTC/BTC is such a cross. It strikes primarily based on the variations within the costs of Litecoin and Bitcoin.

Since 2018, the market has been in a bearish development. It implies that Bitcoin has fairly outperformed Litecoin previously 5 years.

Litecoin chart by TradingView

The chart above exhibits that the cross fashioned a sequence of decrease highs and decrease lows – attribute in bearish triangles. Additionally, the bearish bias stays robust as a result of presence of a descending triangle.

A descending triangle is a bearish continuation sample. Its measured transfer equals the scale of the longest section of the triangle, projected from the horizontal base.

Due to this fact, merchants could need to look forward to the triangle to interrupt decrease earlier than shorting the cross with a cease on the earlier decrease excessive.

What strikes a cross?

Different charges affect a cross pair’s actions. On this case, the LTC/BTC cross pair displays the variations between the LTC/USD and BTC/USD pairs.

As a result of the cross is in a bearish development, Bitcoin outperformed Litecoin within the final 5 years. In different phrases, it implies that Bitcoin was a greater funding than Litecoin. Given the bearish bias for the cross, Bitcoin’s outperformance ought to proceed.

Share this articleCategories

[ad_2]

Source link

Tags: BearishBitcoinscontinueLTCBTCoutperformanceTrendYears
Previous Post

Elon Musk’s X platform has payments licenses in seven US states

Next Post

DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest

Next Post
DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest

DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest

This Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch

This Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch

IBM watsonx Assistant transforms content into conversational answers with generative AI

IBM watsonx Assistant transforms content into conversational answers with generative AI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

s