Sub $70 LTCUSD? $50?
Updated
In align with the .01 and .008 expectation levels I expect LTCBTC to fall to, the USD value will also fall as the overall crypto market continues to deflate.
LTCUSD showing bearish expansion of the Bollinger Bands across majority of lower timeframes and is now clearly below the basis and middle BB on the 2wk. The lines of support that will logically be next in this downtrend are the lower keltner channel and the lower BB @ approx $67 & $47, respectively.
The overall Mcap of crypto continues to fall, while BTC dominance continues to rise. This suggests that while BTC is falling, alt coins are falling faster.
LTCUSD showing bearish expansion of the Bollinger Bands across majority of lower timeframes and is now clearly below the basis and middle BB on the 2wk. The lines of support that will logically be next in this downtrend are the lower keltner channel and the lower BB @ approx $67 & $47, respectively.
The overall Mcap of crypto continues to fall, while BTC dominance continues to rise. This suggests that while BTC is falling, alt coins are falling faster.
Trade closed: target reached
Eric Thies
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