It should be interesting to see what happens with LTC/BTC in the coming weeks, something similar to what occurred in the white rectangle could be developing...LTC/BTC throughout it's lifespan has had these huge corrections (sometimes full retraces) which are then followed by sharp bubbles up. I could also very likely see this dump ending at around .00585 support where the double bottom occurred as indicated in my previous chart.
Personally I do not think ltc is dead so its tough for me to see it not bouncing back at some point but at the moment it seems like there may be a decent amount of dumpage to come. History says these are great buying opportunities. To me as long as ltc's hash rate keeps chugging along and it is popular in China it's not going anywhere. Just my opinion.
Personally I do not think ltc is dead so its tough for me to see it not bouncing back at some point but at the moment it seems like there may be a decent amount of dumpage to come. History says these are great buying opportunities. To me as long as ltc's hash rate keeps chugging along and it is popular in China it's not going anywhere. Just my opinion.
