PolarHusk

LTC/BTC Pair Could Drop Another 22%?

Kort
BITTREX:LTCBTC   Litecoin / Bitcoin
LTC/BTC pairing is at the bridge of holding the 2015 support line. If we can find support in this region a bounce to 0.007 sats is likely possible before making higher low support if bulls can turn the tide around.
Otherwise, breaking this support could lead 22% down to the 2016 support level which I believe has more chance of bouncing because the RSI level by the time we reached there is overly extended on the oversold territory. Personally, this is the zone I'll be watching to enter a long term swing trade. Don't forget to watch out for that weekly bear cross if it does happen.

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