LTC is in a falling wedge but consolidation is possible if support holds $166. As volatility cools LTC will become range bound until the bulls make a break above $168.
BTC slightly rebounded since the low but is it a bull trap? It's entering the neutral zone between 7500-11500. Use this zone for swing trades as the bulls and bears decide who has more momentum. Watch for RSI resistance at 43. A break above 12k would put BTC back on the path to test the ATH.
RSI is getting close to ATL at around 21 which should lead to a real bounce. Though we are still in a sharp down trend the volatility is still extremely high for day traders to profit with wide stops. Short sentiment will still be high but bears beware as we approach to 4500 support level. Investors should only do one thing which is to load up on the each leg down...
