LTC to BTC ratio is finding support just like 2017

The LTC to BTC ratio is finding support in the 0.00332 area just like 2017. There was a strong bounce in the ratio at this level in early 2017 and the ratio went in favor of LTC most of the rest of 2017.

LTC had a strong bounce today up almost 10% compared to BTC's 2% today. This may be the beginning of a huge move in LTC compared to BTC again just like 2017. I expect the ratio to go to at least 0.011 before hitting downsloping historic resistance.