LTC/BTC Bearish Trend Continues as Bitcoin Outperformance Expected to Persist


LTC/BTC is a cross pair that is often traded and tends to move within a tight range. Over the past five years, Bitcoin has outperformed Litecoin, resulting in the market being in a bearish trend.

A chart of the pair shows a series of lower highs and lower lows, which is characteristic of a bearish triangle. This bearish bias is still strong as the descending triangle has yet to break.

The movements of the cross pair are based on the differences between the LTC/USD pair and BTC/USD pair. As Bitcoin has outperformed Litecoin in the last five years, it is likely that this outperformance will continue.

A trader can wait to short the cross until the triangle breaks lower. The stop should be set at the lower high of the previous day.

Share this article and browse through the categories to learn more about Bitcoin and Litecoin.

Related articles

Recent articles