Litecoin is looking heavy

11 août 2017

I hope I'm wrong about this but it looks like LTC could continue to fall, at least to the 50% fib line, but perhaps more likely (with the continuing rise of BTC) we could fall to the 38% fib level. Ichimoku and RSI look like shit. Stoch shows potential for upwards movement, but I think we would just hit resistance and fall again. But let's see. I still think LTC is a good coin long term, but it looks like shit at the moment.

14 août 2017

Note

LTC continues to look like absolute shit. Close to the 38% fib level now. Might see a bounce, but there are currently no indicators of a reversal. If it breaks strong support here we might go to 23% level.