LTC/BTC rests on support...big move coming

4 de dez. de 2015

It appears LTC/BTC is gearing up for a big move...if the bottom blue trend line breaks (not a wick but a real 1 week close) I think we are in for a full retracement back down to test support for the previously made double bottom. But I think more likely support will hold and we will test the top trend line...we saw a huge pump and dump on the ltc halving but we are yet to see how the actual economics of less supply entering the market will affect the price going forward. So that coupled with the beginning of a booming bitcoin bull market (in my opinion) gives me a bullish bias.