Litecoin , possible sheltered spot for the next 2 weekssteemCreated with Sketch.

in #crypto-news4 years ago (edited)

Looks like Bitcoin has touched the bottom. However, a deeper fall is likely before the 1st of august, the Segwit day. Litecoin is one of the best currency barely affected by this bearish trend, so a rise fueled by Bitcoin holders might be an option.

If it does not break the support (35$ ), it should go for a rise. If it reaches the rectangle,  we have a good chance to get a new higher high. If it reverse before, we're back to the support. So, a broken support could mean a down trend.


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Missed the rectangle... so 2nd scenario ..

Capture de région 1.png