Update On Litecoin

in #ltc • 8 years ago

Litcoin likely to depreciate further against #BTC

Chart shows breach of the ascending trendline followed by a double top breakdown, drop below 50-day MA and a bearish RSI.

Could test 100-day MA of BTC 0.0167 soon.

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#bitcoin #btc #cryptocurrency
8 years ago in #ltc by
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     8 years ago 

    I believe Litecoin has a very bright future ahead. It's one of the most practical coins. However for the short term, you should wait for the downtrend to reverse I believe.

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       8 years ago 

      Thanks for the information

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         8 years ago 

        I think there is a bit of momentum being lost in the market as well, declining btc volumes and price means we are probably looking at another retrace. I still remain bullish in the long-term

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