Channels are important and to me the market says this is not an issue. The thick blue line in the LTCBTC chart is the long-term downtrend from the 2013-2015 highs. This run should go to 0.015 at a minimum. I also consider this to be a stair-step advance where the decline is not enough to allow solid entry points, but sufficient to force weak holders into panic selling.

Additionally, markets like to fill the gaps seen on the downward move in the LTCBTC chart, so we should come back up to at least close those.

We have until April 10th for the long-term downtrend and the bottom of the current channel to force a direction. There is likely to be a decisive move over the weekend, which I expect to be positive.

I would sell some if 0.00855-0.00865 is broken, and most if 0.00775 is breached.






Noise. Rely more on fundamentals for long-term trends. For shorter-term uncertainty, let the market tell you what's happening.

ETHBTC is falling to 0.035 and if that fails, 0.0275 is next followed by 0.021. ETHUSD seems to be holding up better, but that can still fall to around 32. I would start accumulating at those lows unless activity clearly shifts.

Edit: On that same time frame as Litecoin of April 10th, Bitcoin needs to exceed 1207 for a continued rise. Otherwise, a correction or consolidation is in the cards. Of note is how BTC and LTC are taking turns climbing - the interplay is obvious and ratchet-like. If Litecoin gets SW then that will probably be the point where they separate for a while, with Bitcoin range-bound as @iamnotback has stated.

At the current pace, LTC could hit 50 by late May to early June, while BTC approaches 2000 by mid-May. These are already unstable trajectories, and any upward acceleration has the potential to blow past those targets.