Just playing with some ideas! Found this H&S pattern on EEM (emerging markets) and got me thinking. If $BTC is the main coin of the world (main Markets) then possibly Altcoins and LTC could act as the emerging market version in coin land. I am out of $LTC currently. would want to see a bounce to 36$ ish then a slight pull back. I will enter if that pull back holds.
The blue is an overlay of the 2013/2014 Litecoin crash. The similarities are interesting, if history repeats itself it looks like a double bottom could form before breaking out of the downtrend and entering another accumulation phase. Litecoin led the last bull market so it could begin to show bullish momentum before Bitcoin this time as well. I am not assuming anything until the technical trend changes though, this is just something to be aware of. *This is not financial advice. For entertainment and educational purposes only. -Brad