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LTCUSD. The development of a downward trend.

BITTREX:LTCUSD   萊特幣 / 美元
Litecoin exited the range, breaking through the support level on $ 200 and testing it from below, now as the resistance.
Thus, we can state the development of a downward trend.
And since, according to the axiom of technical analysis , the trend is more likely to continue than to change, so further decline is more likely.
The support zone starts at $ 100.
Resistance is at $ 200.
Sell.
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As always, we have to consider the behavior of BTC, since they’re so tightly correlated. If BTC takes off in an upwards direction, this is going to be a losing trade. As of the 1hr, I see we’re headed in the opposite direction.
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@TheGush, True, but it's been very stagnant, yet steady decline since the 135 mark. I think it's itching to hit 100, but who knows. I'M itching for 100 lol, so I can only hope.
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