LTC/BTC short
12/27/18 at 7:40am eastern time
Looking at Fib numbers for the LTC/BTC graph we appear to have retraced back 50% of the most recent trend and bounced off a support line. RSI suggests that we will most likely drop back to this support line before we see any upward movement as it is currently suggesting that LTC is oversold. With this in mind, there's evidence to suggest that we will hit this support line and potentially use it to bounce off. Keeping an eye on LTC volume over the next few days will be critical in determining if this support will be able to hold.
Looking at Fib numbers for the LTC/BTC graph we appear to have retraced back 50% of the most recent trend and bounced off a support line. RSI suggests that we will most likely drop back to this support line before we see any upward movement as it is currently suggesting that LTC is oversold. With this in mind, there's evidence to suggest that we will hit this support line and potentially use it to bounce off. Keeping an eye on LTC volume over the next few days will be critical in determining if this support will be able to hold.
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