One of the most interesting charts in crypto right now isn't $LTC .
It's#Ltcbtc .
Since November, Litecoin has been trapped inside a falling wedge against Bitcoin while sentiment toward altcoins has continued to deteriorate.
Now we're seeing:
- Price pressing against the upper rail of the wedge
- Multi-month bullish divergence on the RSI
- Momentum improving while price remains compressed
Most traders are focused on whether Bitcoin goes higher or lower.
I'm focused on whether Litecoin begins outperforming Bitcoin.
Historically, major altcoin runs don't start when everyone is bullish.
They start when nobody cares.
If LTCBTC can break this wedge and hold above it, it could signal a shift in relative strength that many aren't paying attention to yet.
After one of the worst multi-year periods for altcoin performance in crypto history, that's a chart worth watching.
Structure first.
Narrative second.
It's#Ltcbtc .
Since November, Litecoin has been trapped inside a falling wedge against Bitcoin while sentiment toward altcoins has continued to deteriorate.
Now we're seeing:
- Price pressing against the upper rail of the wedge
- Multi-month bullish divergence on the RSI
- Momentum improving while price remains compressed
Most traders are focused on whether Bitcoin goes higher or lower.
I'm focused on whether Litecoin begins outperforming Bitcoin.
Historically, major altcoin runs don't start when everyone is bullish.
They start when nobody cares.
If LTCBTC can break this wedge and hold above it, it could signal a shift in relative strength that many aren't paying attention to yet.
After one of the worst multi-year periods for altcoin performance in crypto history, that's a chart worth watching.
Structure first.
Narrative second.