Similar chart on LTC, just a bit more bearish and may cause BTC to fall out instead of hitting the top of the symmetrical triangle again. It looks like MACD and RSI have already taken bearish shape for LTC.
There has just not been enough blood shed in the lows to validate a confirmed reversal. Thinking this will need to go hand in hand with bitcoin and we will break through he $100 resistance and see the $50's ranges. Who knows...next few days will tell us which direction, but based on the weak market, I am thinking this is how it could play out.
There has just not been enough blood shed in the lows to validate a confirmed reversal. Thinking this will need to go hand in hand with bitcoin and we will break through he $100 resistance and see the $50's ranges. Who knows...next few days will tell us which direction, but based on the weak market, I am thinking this is how it could play out.
