COMPARE THE CHARTS - BITCOIN BEARISH, LITECOIN BULLISH

GOOD AFTERNOON STEEMIT!

After failing to break out of key daily trend line reistance, Bitcoin has resumed its bearish trend and fucked the entire crypto market is the process.

BTC/USD Daily

Yeah, that is a gross looking higher time frame chart. There’s no other way to describe it...

With resistance holding, we were looking for some intraday levels to hold, but they were soon destroyed and it’s back down we go as a result.

BTC/USD Hourly

So gross.

But in the midst of all this, it’s interesting to see that Litecoin has actually held up quite well.

Litecoin broke out of its trend line resistance quite early, possibly in anticipation of a wider market rally, but also because of the excellent LitePay news coming from the team. Now, even though Bitcoin failed to break out of its own trend line resistance, Litecoin promisingly hasn’t given back its entire bullish run.

LTC/USD Daily

Even the Litecoin intraday chart shows the areas of previous short term resistance that I always look to turn to support holding.

LTC/USD Hourly

While there is weakness in Bitcoin and the overall crypto market as a result, Litecoin continues to shine brightly.

Enjoy your Sunday!

Best of probabilities to you.

Peace ✌🏻.

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