In the event of a bearish BTC dropping to 5k levels, LTC gets absolutely rekd - easily getting crushed at least 20% more than BTC. This would land LTC in the $70 USD range, which is where i am placing my buy limit orders.
Yorum
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LTC/USD daily chart - initial support found at the 1.272 bearish fib extension
Yorum
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BTC/USD daily chart - This should be a good temporary support level, however, bearish momentum still gripping the market, and low vol has bulls feeling nervous.