Doesn't look good for Litecoin. Ratio has been making new all-time-low's consistently for the past month. Fiat value isn't rising either. SegWit doesn't look to activate anytime soon, and it seems like F2Pool and BatPool were not honest about their support. Meanwhile, Bitcoin, Ethereum, and Dash are all pumping. It seems that nobody is interested in Litecoin.
When we look at the this chart, we can clearly see where LTCBTC is going; only down. If it breaks 0.003, expect it to go much lower, possibly lower 0.002's. Doesn't seem like there is strong support.
Opened a 20x short, 15k contracts + added some margin just in case.
Longing LTC here is dangerous, there is no chance it will break $4 anytime soon.
When we look at the this chart, we can clearly see where LTCBTC is going; only down. If it breaks 0.003, expect it to go much lower, possibly lower 0.002's. Doesn't seem like there is strong support.
Opened a 20x short, 15k contracts + added some margin just in case.
Longing LTC here is dangerous, there is no chance it will break $4 anytime soon.
