TheForecasters

LTC's massive descending channel = massive breakdown to ATL

Short
BINANCE:LTCBTC   Litecoin / Bitcoin
LTC is trading in a very large descending triangle which in theory is bearish. If the support on the bottom of this channel does not hold, which has already been tested more than 10 times on the 4hr indicating that it is losing its strength with every test. This might be the last time this support can keep LTC here and if LTC breaks this support and trades lower we can see it reach All Time Lows which is not something you want to see for alts.
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